SRS National Net Lease Group is pleased to present the rare opportunity to acquire the fee simple (land and building) interest in Dunkin’ Donuts, an absolute NNN leased,  drive-thru equipped, investment property located in Spring, Texas. The tenant, Anju Donuts of Louetta, LLC., recently signed a brand new 15-year lease in July 2016, with 3 (5-year) option periods to extend. The lease features rare 10% rental increases every 5 years in the initial term and at the beginning of each option. The lease is guaranteed by the franchisee, who operates 30 Dunkin’ Donuts and 82 KFC locations across several different markets, and is absolute NNN with zero landlord responsibilities.

Offering Memorandum

The subject site is located along Louetta Road (38,400 VPD) with excellent visibility and access. The asset is located in a dense retail corridor with nearby national/credit tenants that include Kroger, 24 Hour Fitness, Sears, Advance Auto Parts, AutoZone, Dollar Tree, Goodwill, O’Reilly Auto Parts and more, further increasing consumer traffic and crossover shopping to the trade area. The immediate trade area is supported by an affluent household income of  $121,000. The 5-mile trade area is supported by a dense population of approximately 151,000 with an average household income of $99,000. Furthermore, the trade area has experienced steady annual population growth of approximately 2% over the last 5 years and is projected to grow by an additional 2% per year by 2020.

Spring, TX - Dunkin' Donuts

Shaun Parnell joined SRS in 2022 with more than 15 years of experience focused on marketing technology. He focuses on improving user experience, efficiency, and effectiveness of our website, property search platform, and marketing software tools.Shaun initially began his career in digital media and analytics, but found greater passion developing holistic solutions that leverage data and technology more broadly to drive growth and support service delivery. He has advanced technical expertise across a variety of advertising, marketing, and cloud service applications that helps translate objectives into actionable plans with tangible results. A puzzler at heart, Shaun is always curious about finding new ways to solve problems.

Shaun Parnell

Shaun focuses on improving user experience, efficiency, and effectiveness of our website, property search platform, and marketing software tools.

For Sale

Spring, TX - Dunkin' Donuts

Description

Contact

Matthew Mousavi

Patrick Luther, CCIM