NNN Dunkin Donuts Chiefland FL (Between Tampa and Gainesville)

  • Price: US $ 1,666,667
  • Property Type: Free standing                    
  • Occupancy: 100%
  • CAP: 5.40%
  • Building Area: approx. 3,845 SF =357 m²
  • Lot:  approx. 21,780 SF =2023 m²
  • NOI: US $90,000
  • Annual Expenses: 0 (Zero) NNN- Tenant responsible for all expenses including property tax, insurance and maintenance
  • Contract Terms: 20 years until 2038 Sale – Leaseback
  • Increases: 8% every 5 year
  • Extensions: 4- 5 years’ options
  • Guarantor: Southern Star Restaurant Management is headquartered in Winter Park, Florida. The company is an experienced operator with over 120 restaurant units located from Florida and in the Northeast, over 65 of these units are Dunkin’ Donuts.
  • Location: The building sits directly on US 19 with 15,700 VPD and directly in front of the Walmart Supercenter the Dunkin’ sits in the middle of a retail hub that serves a huge geographic area between the Tampa MSA, Gainesville and Tallahassee.