Your SlideShare is downloading. ×
Single tenant-dunkin-donuts-for-sale
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Introducing the official SlideShare app

Stunning, full-screen experience for iPhone and Android

Text the download link to your phone

Standard text messaging rates apply

Single tenant-dunkin-donuts-for-sale

41
views

Published on

The Boulder Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed Dunkin’ Donuts property located within an affluent suburb of Chicago.

The Boulder Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed Dunkin’ Donuts property located within an affluent suburb of Chicago.

Published in: Real Estate

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
41
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. NET LEASED INVESTMENT OFFERING www.bouldergroup.com Dunkin’ Donuts (NASDAQ: DNKN) 1991 Brookdale Road Naperville, IL 60563 (Chicago MSA)
  • 2. NET LEASED INVESTMENT OFFERING www.bouldergroup.com TABLE OF CONTENTS TABLE OF CONTENTS 1) Confidentiality & Disclaimer 2) Executive Summary 3) Property Overview 4) Aerials 5) Maps 6) Tenant Profile 7) Demographic Comparison Report 8) Location Overview 9) Contact Information
  • 3. NET LEASED INVESTMENT OFFERING www.bouldergroup.com The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. CONFIDENTIALITY & DISCLAIMER CONFIDENTITALITY & DISCLAIMER
  • 4. NET LEASED INVESTMENT OFFERING www.bouldergroup.com The Boulder Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed Dunkin’ Donuts property located within an affluent suburb of Chicago. The property is strategically located along Illinois Route 59, a primary north-south thoroughfare. The property is ideally situated along the morning commute side of Illinois Route 59. The corporately guaranteed Dunkin’ Donuts lease has approximately nine years remaining and features a 15% rental escalation in the primary term and in each renewal option period. Dunkin’ Donuts is a publicly traded company (NASDAQ: DNKN) with a market capitalization in excess of $4.5 billion. The property is co-branded with Baskin-Robbins. The 3,816 square foot Dunkin’ Donuts building is located along Illinois Route 59. Illinois Route 59 is the primary north-south thoroughfare in the trade area that experiences traffic counts in excess of 45,000 vehicles per day. Additionally, Illinois Route 59 has a direct interchange with Interstate 88. Interstate 88 is located approximately three-quarters of a mile north of the property and experiences traffic counts in excess of 126,000 vehicles per day. The densely populated affluent area has approximately 190,000 people living within a five mile radius earning average annual household incomes in excess of $102,000. The Dunkin’ Donuts property benefits from its close proximity to many large office buildings including the headquarters of several large corporations. Both Nicor, an energy and shipping company, and Nalco, a supplier of water, energy, and air improvement solutions, are headquartered in the immediate vicinity employing 3,700 and 1,000 people, respectively, at their Naperville offices. Additionally, the surrounding area features many national retailers including Target, Meijer, Walgreens, CVS, and Chase Bank. There are approximately nine years remaining on Dunkin’ Donuts original twenty year lease that expires September 30, 2023. The corporately guaranteed lease features a 15% rental escalation in the primary term and in each renewal option period. There are five 5-year renewal option periods. Dunkin’ Donuts is publicly traded on the NASDAQ (DNKN) with a market capitalization in excess of $4.5 billion. INVESTMENT HIGHLIGHTS • Located within an affluent suburb of the Chicago MSA • 15% rental escalations every five years • No landlord responsibilities • Located along the heavily trafficked Illinois Route 59 (45,000 VPD) • Tenant is publicly traded (NASDAQ: DNKN) with a market capitalization in excess of $4.5 billion • Approximately 190,000 people living within a five mile radius earning average household incomes in excess of $102,000 annually • Surrounding area features many large office buildings and the headquarters of several national corporations • Interstate 88 is located ¾ of a mile north of the property (126,000 VPD) EXECUTIVE SUMMARY EXECUTIVE SUMMARY
  • 5. NET LEASED INVESTMENT OFFERING www.bouldergroup.com PROPERTY OVERVIEW PROPERTY OVERVIEW Price: $2,178,100 Cap Rate: 5.75% Rent Schedule: NOI Escalation Date $125,235 $144,020 10/1/2018 $165,623 10/1/2023 (Option 1) $190,467 10/1/2028 (Option 2) $219,037 10/1/2033 (Option 3) $251,892 10/1/2038 (Option 4) $289,676 10/1/2043 (Option 5) Rental Escalations: 15% Every Five Years Renewal Options: Five 5-Year Lease Expiration Date: September 30, 2023 Tenant: Dunkin’ Donuts Guarantor: Corporate Year Built: 2003 Lease Type: NNN Rentable Square Feet: 3,816 SF Land Acreage: 72,919 SF
  • 6. NET LEASED INVESTMENT OFFERING www.bouldergroup.com AERIALS AERIALS N 88 126,000 VPD 45,000 VPD ILLINOIS ROUTE 59 CORPORATE HEADQUARTERS CORPORATE HEADQUARTERS
  • 7. NET LEASED INVESTMENT OFFERING www.bouldergroup.com AERIALS AERIALS N 59 BROOKDALE ROAD
  • 8. NET LEASED INVESTMENT OFFERING www.bouldergroup.com MAPS MAPS
  • 9. NET LEASED INVESTMENT OFFERING www.bouldergroup.com Dunkin’ Brands Group, Inc., together with its subsidiaries, owns, operates, and franchises quick service restaurants under the Dunkin’ Donuts and Baskin-Robbins brands worldwide. The company operates in four segments: Dunkin’ Donuts U.S., Dunkin’ Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, donuts, bagels, muffins and sandwiches, hard-serve ice cream, frozen beverages, baked goods, and other products. As of February 10, 2014, the company had approximately 11,000 Dunkin’ Donuts restaurants and 7,300 Baskin-Robbins restaurants, which are primarily owned and operated by approximately 2,000 franchisees, licensees, and joint venture partners. Dunkin’ Brands Group, Inc. is headquartered in Canton, Massachusetts. Dunkin’ Brands Group, Inc is publicly traded on the NASDAQ (DNKN) with a market capitalization in excess of $4.5 billion. Website: www.dunkindonuts.com Stock Symbol: DNKN (NASDAQ) Market Capitalization: $4.5 billion Number of Locations Worldwide: 18,300+ Standard & Poor’s Rating: B+ Headquarters: Canton, MA TENANT PROFILE TENANT PROFILE
  • 10. NET LEASED INVESTMENT OFFERING www.bouldergroup.com DEMOGRAPHIC COMPARISON REPORT DEMOGRAPHIC COMPARISON REPORT Population 1-mi 3-mi 5-mi Total Population 14,248 70,298 188,199 Total Households 6,355 28,243 68,485 Income Median Household Income $60,978 $72,442 $76,728 Average Household Income $78,583 $96,707 $102,663
  • 11. NET LEASED INVESTMENT OFFERING www.bouldergroup.com Naperville is a suburban city of Chicago, located in DuPage and Will counties in the State of Illinois. It was rated 1st on the list of best cities for early retirement in 2013 by kiplinger. In a 2010 study, Naperville was named the wealthiest city in the Midwest and eleventh in the nation with a population over 75,000. As of the 2010 census, the city had a total population of 141,853, making it the fifth-largest city in Illinois. Once a quaint farming town, Naperville has evolved into an affluent city. The Naperville community is home to many large employers including Edward Hospital, Nicor, Alcatel-Lucent, and BP America. Naperville is served by The Ronald Reagan Memorial Tollway (the tolled portion of Interstate 88) runs near the north edge of Naperville with three exits serving the city. www.naperville.il.us Chicago is the most populous city in the Midwestern United States and the third most populous city in the United States with 2,700,000 residents. Chicago is the county seat of Cook County, the second largest county in the United States. The Chicago MSA is the third most populated metropolitan area in the United States with 9,580,567 residents. The MSA covers over 1,300 square miles and six counties. The Chicago metropolitan area is home to the corporate headquarters of 57 Fortune 1000 companies, including Boeing, McDonald’s, Motorola, Discover Financial Services and United Airlines. Chicago is a major hub for industry, telecommunications and infrastructure and O’Hare International Airport is the second busiest airport in the world in terms of volume. The metro is a major financial center in North America, and is home to the largest futures exchange in the United States, the CME Group. Chicago is third in the world on the Global Financial Centers Index which ranks the competitiveness of financial centers based on people, business environment, market access, infrastructure and general competitiveness. www.cityofchicago.org LOCATION OVERVIEW LOCATION OVERVIEW
  • 12. NET LEASED INVESTMENT OFFERING www.bouldergroup.com CONTACT INFORMATION CONTACT INFORMATION 666 Dundee Road, Suite 1801 Northbrook, IL 60062 Randy Blankstein President 847.562.0003 randy@bouldergroup.com Jimmy Goodman Partner 847.562.8500 jimmy@bouldergroup.com