Dunkin Donuts - Gainesville, GA_Property for Sale

2895 Browns Bridge Rd, Gainesville, GA, 30504, US

Dunkin Donuts - Gainesville, GA

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire a 1,180 square foot freestanding, single-tenant Dunkin’ Donuts located at 2895 Browns Bridge Rd in Gainesville, Georgia (“Property” or “Asset”). Dunkin’ Donuts is operating on a 20.0-year absolute NNN ground lease with 10.0% rent escalations every 5-years, four, five-year renewal options and zero landlord responsibilities.

The Property is positioned at the signalized corner of Browns Bridge Road and Highway 53, with direct visibility to more than 42,000 VPD. The Property is positioned in an affluent area that has seen explosive 24% population growth since 2010 in a three-mile radius with a resident base that earns $99,000 in average household income in a five-mile radius.

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Attributes

Asking price

HK$12,017,000

Cap rate

5.5%

NOI

HK$661,000

WAULT

20 years

Building area net

1,180 sf

Year built

2024

Media

Investment Highlights

Brand new construction with 20.0-year absolute NNN ground lease with zero landlord responsibilities
Dunkin' Donuts is the largest coffee and donuts brand in the U.S. and has the #1 ranking for customer loyalty in the out-of-home coffee category
Surrounding area has experienced significant population growth of 24% since 2010 within a 3-mile radius, indicating an expanding customer base
Gainesville is the center of economic activity for Northeast GA with its daytime population more than doubling to 150K people
The property is adjacent to ~300 under construction townhomes/single family homes
Gainesville Metro has a trade area of over 1.8 million people
Dunkin' serves more than 4.5 million guests a day and generates $1.2 million in AUV