Indianapolis, 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 Indianapolis, IN (Franklin Township). 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 near the hard corner intersection of Southport Road and Franklin Road, averaging a combined 15,300 vehicles passing by daily. The property is ideally situated within a dense retail trade area and lies as an outparcel to a Kroger-anchored center. The surrounding national/credit tenants include Taco Bell, McDonald’s, Red Cactus Mexican Restaurant, Meijer, Chick-fil-A, Target, and Menards, among many 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, providing a direct residential consumer base. The 5-mile trade area is supported by over 111,000 residents and 46,200 daytime employees. Residents within 1-, 3-, and 5-miles of the subject boast an affluent average household income of $190,835, $132,907, and $109,624, respectively.