6327 Dr Martin Luther King Jr St N
Saint Petersburg, FL 33702
Dunkin Donuts Corp. Guaranteed NNN Ground LSE · Retail Property For Sale
Investment Highlights
- ULTRA LOW RENT ($24/SF) BRAND NEW CONSTRUCTION DUNKIN DONUTS GROUND LEASE
- PRICED WELL BELOW REPLACEMENT COST (EXCELLENT INTRINSIC VALUE AND LONG TERM GENERATIONAL HOLD)
- 10 YEAR ABSOLUTE NNN GROUND LEASE WITH 10% INCREASES EVERY 5 YEARS
- VERY RARE DUNKIN DONUTS CORPORATE GUARANTEE (11,300 LOCATIONS WORLDWIDE)
- RELOCATION FROM EXISTING STORE IN THE MARKET; DUNKIN DONUTS NEWEST PROTOTYPE
- FLORIDA IS A NO INCOME TAX STATE
Property Facts
About 6327 DR MARTIN LUTHER KING JR ST N , SAINT PETERSBURG, FL 33702
Marcus & Millichap is pleased to present for sale this very rare ultra low rent Dunkin' Donuts Corporate Ground Lease located in St. Petersburg, Florida. Dunkin Donuts Corporation has signed a 10 Year Absolute NNN Ground lease with strong 10 percent increases in rent every five years during the base term and into the four (five-year) option periods. An investor has the opportunity to purchase a well located 1,709 square foot restaurant with a drive thru lane and ample parking. Dunkin' Donuts is the world's leading baked goods and coffee chain, serving more than three million customers each and every day. True to their name, they offer 50 plus varieties of donuts, but you can also enjoy dozens of premium beverages, bagels, breakfast sandwiches and other baked goods. In 1950, Bill Rosenburg opened the first Dunkin' Donuts shop in Quincy, Massachusetts. Just five years later, a franchise legacy was born. There are more than 11,300 Dunkin' Donuts restaurants worldwide-that's over 8,500 restaurants in 41 states across the U.S.A. and over 3,200 international restaurants across 36 countries. With over 130 years of franchising experience, Dunkin' Brands is home to two of the world's most recognized beloved franchises: Dunkin' Donuts and Baskin-Robbins.
