Dunkin’ Ground Lease, Rockwall, Texas

2335 S. Goliad Street no-imageVIEW MAP

Property Information

Price: $1,909,090

Cap Rate: 5.50%
NOI: $105,000
Lease Term: 15 Years
Lease Type: Absolute NNN Ground Lease
Building Size: Approximately 2,100 Square Feet
Year Built: 2023
Status: Just Closed
Lead Broker Information:

Randy Bell



Property Description

*Cover photo is a representative photo of another Dunkin’ property using a similar prototype; construction photos we’re taken on 7/21/23

Investment Highlights

  • Brand-New 15 Year Absolute NNN Ground Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Three (5-Year) Options to Renew
  • 10% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Iconic Global Brand – Dunkin’ is the Eighth Largest Fast-Food Chain in the World with More than 12,900 Locations in 40 Countries – Over 250,000 Company & Franchise Team Members Employed
  • Guaranteed Lease from a Proven Dunkin’ Operator – The Tenant is a Highly Successful Franchisee That Operates More Than 120 Locations in the United States
  • New Construction, Pride of Ownership Asset Featuring Dunkin’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • Ideally Positioned on the “AM” Side of the Street – 2,100 Square Feet Building Situated on a 0.799-Acre Parcel Containing a Drive-Thru Bay, Providing Dunkin’ with the Ability to Effectively Handle High Restaurant Volume
  • Centrally Located in Rockwall’s Strongest Retail Corridor – Surrounded by Major National Brands Including Raising Cane’s, RaceTrac, In-N-Out, Dick’s Sporting Goods, Best Buy, Whataburger & Many Others
  • High Traffic Location – Over 35,000 Vehicles Per Day on S. Goliad Street, More Than 13,000 Vehicles Per Day on TX-276 & an Additional 104,000 Vehicles Per Day on Nearby Interstate-30
  • Densely Populated, Infill Location with Excellent Demographics – Over 101,000 People in a 5-Mile Radius of the Property with Average Household Income Exceeding $152,000
  • Over 7.5 Million Square Feet of Industrial & Office Space and 6.6 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 11,500 Businesses & 196,000 Employees
  • Positioned Next to a Costco Wholesale Store That Has Averaged More Than 294,000 Monthly Visits Over the Last Calendar Year
  • Strategically Positioned Near the Plaza at Rockwall & Rockwall Crossing Shopping Centers That Bring Daily-Needs Consumers Directly to the Trade Area – More Than 9.22 Million Combined Visits to the Centers Over the Prior Calendar Year
  • Tremendous Multi-Family Density with Over 5,500 Apartment Units within a 5-Mile Radius of the Property
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset