Dunkin’, Irving, Texas

3405 N. Belt Line Rd no-imageVIEW MAP

Property Information

Price: $1,902,913

Cap Rate: 5.15%
NOI: $98,000
Lease Term: 15 Years
Lease Type: Modified NNN
Building Size: Approximately 2,375 Square Feet
Year Built: 1995/2022
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670

Property Description

Investment Highlights

  • Brand New 15 Year Modified NNN Lease – Stable Cash Flow Asset – Very Minimal 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
  • Proven Dunkin’ Operator – The Tenant is a Highly Successful Franchisee That Operates 113 Locations with an Additional 5 Locations Currently Undergoing Construction
  • Ideally Positioned on the “AM” Side of the Street – 2,375 Square Feet Building with an Outdoor Patio Situated on a 0.758-Acre Parcel Containing 33 Parking Spaces & a Drive-Thru Bay, Providing Dunkin’ with the Ability to Effectively Handle High Restaurant Volume
  • High Traffic Location – Nearly 31,000 Vehicles Per Day on N. Belt Line Rd, Over 11,000 Vehicles Per Day on W. Northgate Dr & More Than 284,000 Vehicles Per Day on Nearby TX-183
  • Densely Populated, Infill Location with Excellent Demographics – Over 235,500 People in a 5-Mile Radius of the Property with Average Household Income Exceeding $80,900
  • Over 100 Million Square Feet of Industrial & Office Space and 22.1 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
  • Tremendous Multi-Family Density with Over 62,000 Apartment Units within a 5-Mile Radius of the Property
  • Located Directly Across from a Walgreens Drug Store That Has Averaged More Than 24,000 Monthly Visits Over the Prior Calendar Year
  • Strategically Positioned Near the Towne North, Northgate Hills & Belt Line Village Shopping Centers That Bring Daily-Needs Consumers Directly to the Trade Area – More Than 2.63 Million Visits to the Centers Over the Prior Calendar Year
  • Less Than 1 Mile from Irving Mall – The Macy’s & Dillard’s Anchored Shopping Destination Contains More Than 100 Stores & Has Seen Over 3.36 Million Visits During the Last Calendar Year
  • Approximately 2.5 Miles from the Dallas College North Lake Campus with 10,570 Students Enrolled & Over 150 Faculty Members
  • Approximately 2.8 Miles from the 222 Bed Baylor Scott & White Medical Center Irving with Over $795.9 Million in Total Patient Revenue in 2021 & a Staff of More Than 1,500 Healthcare Professionals
  • Located Approximately 6.7-Miles from the DFW International Airport, the 2nd Busiest Airport in the World with Over 62.4 Million Passengers in 2021 – The Airport Employs Over 228,000 People & is one of DFW’s Major Employment & Economic Hubs
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset