Cape Coral, FL Dunkin 3336 Del Prado Boulevard, Cape Coral, FL Cap Rate 4.9% Cape Coral (Cape Coral, Florida, US ) Built

$1,600,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 1,624 sq. ft.
  • Development Level: Built
  • Year Built: 1986

Description

Cape Coral, FL Dunkin 3336 Del Prado Boulevard, Cape Coral, FL Cap Rate 4.9%

Cap Rate: 4.9%
NOI: $78,400
Building Size: 1,624 sqft
Occupancy: 100%
Year Built: 1986

Price: $1,600,000 USD

DESCRIPTION
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, franchisee guaranteed, drive-thru equipped, Dunkin’ Donuts investment property located in Cape Coral, Florida. The tenant, SSC342328, LLC, has approximately 8 years remaining on the initial term with 2 (5-year) options to extend. The lease features CPI-based rental increases in 2024 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is guaranteed by Surfside Coffee Company, LLC (franchisee operates 55+ locations in Florida) and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Despite the challenging environment resulting form COVID-19, the tenant’s annual sales in 2020 were over minimum base and 2021 sales are trending strongly – contact agent for details.

The subject property is strategically located at the signalized, T-intersection of Del Prado Boulevard S and Palaco Grande Pkwy, averaging a combined 31,490 vehicles passing by daily. The building is equipped with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The street-front property features a large pylon sign along Del Prado Boulevard S, a major north/south commuter corridor traveling into the heart of Cape Coral. Del Prado Boulevard S is the primary retail corridor traveling through the trade area, featuring a variety of national/credit tenants including Walmart Supercenter, ALDI, HomeGoods, T. J. Maxx, Goodwill, CVS Pharmacy, Walgreens, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Additionally, the site is within 2.5 miles south of Coral Pointe Shopping Center, a 133,444 SF retail center anchored by Publix and Ross Dress For Less. The 5-mile trade area is supported by a dense population of over 189,000 residents and 71,000 daytime employees. Residents within 1 mile of the subject property feature a healthy average household income of $78,343.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#443304897
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Information is deemed to be correct but not guaranteed.