3611 SE 14th St
Des Moines, IA 50320

Marcus & Millichap, on behalf of ownership as its exclusive advisor, is pleased to market for sale, Dunkin’ Donuts in Des Moines, Iowa. The subject property measures 2,168 square feet and is situated on .89 acres. Dunkin’ Donuts was built-to-suit in 2013 and occupies a freestanding prototypical masonry building with a drive-thru. This asset is run by a regional franchisee, who owns & operates 10 locations throughout Iowa. With an original lease commencing in October of 2016, prospective purchasers can obtain this asset with 7.5 years remaining of base term. The lease has a personal guaranty from Clifford Reif, CEO of Eastern Iowa Food Services, LLC and Reif Oil Company, a regional oil distributor and operator of eight convenience stores. Recently the Franchisee stated that, “in the next five years, we plan to build ten more Dunkin Donuts in Southeastern Iowa.” Dunkin’ Donuts is located along Route 69, and 500 feet south of the Indianola Ave/Route 69 Junction, which combine to see over 50,050 cars per day. The subject property is located within Des Moines, South Park neighborhood, and at the tip of south-east Des Moines’ main retail corridor, which includes Hy-Vee, Home Depot, Walmart, Menard’s, Hobby Lobby, as well as the redeveloped, Macerich Owned, Southridge Mall. Southridge Mall attracts 3.3 million visitors per year and includes Target, Marshall’s, Ross, AMC Classic, 46 inline stores, and is accompanied by a variety of outparcel shops. The immediately surrounding dense infill area is characterized by tightly packed streets of single-family homes, with 14,049 residents and 5,078 households within one mile. Expanding out to three and five-mile radii, there are 67,563 and 145,470 residents, respectively. The Des Moines MSA is home to a population of 646,000 and is one of the fastest growing MSA’s seeing nearly 42% growth since 2000.