Miami Township, OH - 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 Miami Township, OH (Dayton 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 Springboro Pike with clear visibility and access to an average of 32,400 vehicles passing by daily. The property also benefits from nearby access onto Interstate 75 (123,900 VPD), providing direct access into Dayton and Cincinnati, and connecting the MSA’s. Dunkin is ideally situated in a dense retail trade area and is adjacent to Austin Landing, a 416K+ SF Lifestyle Center anchored by Kroger and Kohl’s. The asset is also less than 2 miles south of Dayton Mall, a 1.32M+ SF Super Regional Mall. The additional surrounding national/credit tenants include Menards, Whole Foods, Sam’s Club, Walmart Supercenter, Target, Hobby Lobby, TJ Maxx, 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 property is near numerous single-family communities and multi-family complexes including Austin Springs (204 units), Austin Park (226 units), The Flats of Austin Landing (276 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 140,800 residents and 74,400 daytime employees. Residents within 1-, 3-, and 5-miles of the property boast an affluent average household income of $103,937, $124,908, and $124,457, respectively.