dunkin' donuts - smyrna, tn

OFFERING MEMORANDUM Absolute Trip Net (NNN) Ground Lease Investment Opportunity

559 Sam Ridley Parkway | Smyrna, TN 37167Actual Property Image

03 INVESTMENT SUMMARY• Investment Summary• Investment Highlights

05 AREA OVERVIEW• Location Map• Aerial & Retail Maps• City Overview

11 TENANT OVERVIEW • Tenant Profile

12 LEASE ABSTRACT• Lease Summary• Rent Roll

Exclusively Marketed By: Sands Investment Group

© 2019 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands InvestmentGroup does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is theresponsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness.Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurancethese projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potentialinterested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.In Cooperation with Sands Investment Group Tennessee, LLC

Zach MartinLic. # 02044335

310.626.1852 | [email protected]

Kaveh EbrahimiLic. # 344496


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PROPERTY SUMMARY

ADDRESS 559 Sam Ridley Parkway

Smyrna, TN 37167

COUNTY Rutherford

BUILDING AREA 1,800 SF

LAND AREA 0.53 Acres

BUILT 2018

OFFERING SUMMARY

PRICE $1,850,000

CAP 5.00%

NOI $92,499.96

PRICE PER SF $1,027.78

YEARS REMAINING 9+ Years

LEASE GUARANTY 40+ Unit Operator


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Representative Image

• Located in Nashville MSA

• Brand New Construction 10 Year Absolute TripleNet (NNN) Ground Lease

• 10% Rental Increases Every 5 Years

• Strong 40+ Unit Operator Expanding Throughoutthe Southeast

• Over 100,000 Population Count Within a 5-MileRadius

• 150,000 VPD on I-24 and Sam Ridley Parkway

• Smyrna was Named One of the “Top 10 Cities toRetire” in the US News and World Report

• Located Next to Tristar Stonecrest MedicalCenter

• Tourist Spending in Rutherford County is Over$351 Million

INVESTMENT HIGHLIGHTS


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Sullivan’s Sports Bar

Bob Parks Realty

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Sullivan’s Sports Bar

Family Care of Middle TN

Bob Parks Realty

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aSUBJECT PROPERTY DEMOGRAPHICS

1 Mile 3 Mile 5 Mile

Population 5,781 47,549 100,657

Average Household Income $74,159 $72,977 $75,052

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Smyrna is a town in Rutherford County, Tennessee.Smyrna's estimated population was 48,596 residents atthe 2016 census. In 2007, U.S. News & World Reportlisted Smyrna as one of the best places in the UnitedStates to retire.

Smyrna is known to be home to the biggest Nissanassembly plant in the U.S., making 640,000 cars peryear. It began in 1983, and has made more than 10million cars since then. Batteries for the Leaf began in2012. Smyrna serves as the U.S. production site for theNissan Leaf. Nissan’s goal is for the plant in the city toeventually produce 150,000 cars, and 200,000 electriccar batteries per year. The other top employers in theSmyrna area include Asurion, a communicationscompany with 1,165 employees; Vi-Jon, a personal careproducts company with 737 employees; and theStonecrest Medical Center which has 550 employees.

Smyrna is home to the Sam Davis Home and Plantation,a great place to learn about the Civil War andexperience events like the annual Victorian Christmasparty or vintage baseball games. The city is alsosurrounded by hiking trails and located near a pair oflakes with excellent opportunities to fish and boat. Thecity is also home to an 18-hole municipal golfcourse. Smyrna is also just 20 minutes from Nashvilleand many of the capital’s attractions like the TennesseeTitans and Music Row.

NISSAN PLANT

NASHVILLE, TN

ABOUT THE CITY

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COMPANY TYPENASDAQ: DNKN

HEADQUARTERSCANTON, MA

# OF LOCATIONS20,000+

FOUNDED1950

WEBSITEDUNKINDONUTS.COM

With more than 20,500 points of distribution in morethan 60 countries worldwide, Dunkin' Brands Group,Inc. (NASDAQ: DNKN) is one of the world's leadingfranchisors of quick service restaurants (QSR) servinghot and cold coffee and baked goods, as well ashard-serve ice cream.

At the end of the second quarter 2017, Dunkin'Brands' 100 percent franchised business modelincluded more than 12,500 Dunkin' Donutsrestaurants and more than 8,000 Baskin-Robbinsrestaurants. Dunkin' Brands Group, Inc. isheadquartered in Canton, Mass.

MARKET CAP$6.35 BILLION


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TLEASE SUMMARY

TENANT Dunkin’ Donuts

PREMISES A Building of Approximately 1,800 SF

LEASE COMMENCEMENT April 30, 2018

RENT COMMENCEMENT September 11, 2018

LEASE EXPIRATION April 29, 2028

LEASE TERM 9+ Years Remaining

RENEWAL OPTIONS 6 x 5 Years

RENT INCREASES 10% Every 5 Years

LEASE TYPE Absolute Triple Net (NNN) Ground Lease

USE Fast Food

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Tenant’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s ResponsibilityActual Property Image

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ANNUALBASE RENT

RENT / SF

INCREASE DATES

RENTAL INCREASE

LEASEBEGIN

RENT COMMENCED

LEASE END OPTIONS

Dunkin’ Donuts 1,800 SF 100% $92,499.96 $4.28 Every 5 Years 10% 04/30/2018 09/11/2018 04/29/2028 6 x 5 Years


The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed onlyby the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the writtenconsent of Sands Investment Group.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establishonly a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation,with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size andsquare footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, thecompliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or businessprospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, SandsInvestment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conductedany investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness ofthe information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

By receipt of this Memorandum, you agree that this Memorandum and its contentsare of confidential nature, that you will hold and treat it in the strictest confidence andthat you will not disclose its contents in any manner detrimental to the interest of theOwner. You also agree that by accepting this Memorandum you agree to releaseSands Investment Group and hold it harmless from any kind of claim, cost, expense,or liability arising out of your investigation and/or purchase of this property.

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Exclusively Marketed By:

Sands Investment Group2701 Ocean Park Boulevard, Suite 140

Santa Monica, CA 90405844.4.SIG.NNN

www.SIGnnn.com

Zach MartinLic. # 02044335


Actual Property ImageIn Cooperation with Sands Investment Group Tennessee, LLC

Kaveh EbrahimiLic. # 344496


dunkin' donuts - smyrna, tn

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