Beech Grove, IN - Dunkin'

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Dunkin’ investment property located in Beech Grove, IN (Indianapolis MSA). The tenant recently signed a brand new 15-year lease with 5 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 1.50% annual rental increases throughout the initial term and options, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1950, Dunkin’ is among America’s favorite coffee and baked goods chain with over 13,700 operating stores.

Dunkin’ is strategically located along Thompson Road with clear visibility and access to an average of 17,700 vehicles passing by daily. The property also benefits from nearby access onto Interstate 65 (127,700 VPD) and Interstate 465 (124,400 VPD), a major beltway connecting the Indianapolis MSA. Dunkin’ is ideally situated within a dense retail trade area and lies as an outparcel to East Thompson Shopping Center (134K+ SF). The surrounding national/credit tenants include Kroger, Walmart Supercenter, Lowe’s, The Juicy Seafood Restaurant, and others. The strong tenant presence drives a steady stream of loyal, local consumers to the area, promoting crossover exposure and contributing to the local economy. Furthermore, the asset is near numerous single-family communities and multi-family complexes including Farhill Lake (106 units), Emerson Village (352 units), Willow Glen South (592 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 198,200 residents and 81,400 daytime employees, with a healthy average household income of $89,468.