4 8 6 R O U T E 1 7 M | M I D D L E T O W N , N E W Y O R K

PRICE: $1,387,466 | CAP: 6.00%I N V E S T M E N T O F F E R I N G

Click For Drone Footageactual siteactual site

All Photos Taken October 2020All Photos Taken October 2020

https://vimeo.com/471216144

EXECUTIVE SUMMARYPRICE:

$1,387,466 CAP:

6.00%NOI:

$83,248

LOCATION:

LEASE TYPE:

LEASE EXPIRATION:

LESSEE:

GUARANTOR:

OPTIONS:

INCREASES:

PERCENTAGE RENT:

LAND SIZE:

BUILDING SIZE:

ROFR:

486 Route 17MMiddletown, New York

Absolute NNN Lease

May 1st, 2037

Middle RT17 Donuts, LLC

Middle RT17 Donuts, LLC

(2) 5-Year Options to Extend

1% Annual Increases

10% of Gross Sales Threshold

±13,504 Square Feet

±1,700 Square Feet

None

DUNKIN’ DONUTS | MIDDLETOWN, NY

DUNKIN’ DONUTSactual siteactual site

PROPERTY OVERVIEW• Newer Prototype Building Constructed in 2016

• Absolute NNN Lease with Zero Landlord Responsibilities

• Long Term Lease with 16+ Years Remaining

• National Brand Recognition in Dunkin’ Donuts

• Hedge Against Inflation with 1% Annual Increases in Rent

• Nearby Area Generators Include Mobil Gas Station, Quick Start Convenience Store, Palma Tire Shop, Maddy’s Diner, the Washington Heights Fire Department and others

• Approximately 1 Hour North of New York City

Investment Highlights

Retail Investment Group is pleased to be the exclusive listing agent for Dunkin’ Donuts in Middleburg, New York. The proper ty has an Absolute NNN lease that will expire on May 1st , 2037, and has 1% increases annually, percentage rent at 10% of Gross Sales Threshold. There are (2) 5-Year Options on this proper ty. This of fering isbacked by Middle RT17 Donuts, LLC. The buildingis ±1,700 square feet and sits on ±13,504 squarefeet of land. The proper ty was built in 2016. Nearbyarea generators include Mobil Gas Station, QuickStar t Convenience Store, Palma Tire Shop, Maddy ’sDiner, the Washington Heights Fire Depar tmentand others.

N

DUNKIN’ DONUTS | MIDDLETOWN, NY

Jackson Preparatory SchoolJackson Preparatory School17M:

±8,940 VDP

NEinstein Modular Construction

Buckshot CyclesWashington Heights Park

Washington Heights Fire DistrictHome Pro Exteriors, INC.

The Beer KingPool-It

North Street MobilQuick Start ConvenienceCreative Touch Hair Salon

Maddy’s Diner D&W Design

Graceful Doggies Rescue RetreatC’est La Vie Spa and Salon

The Small Engine Repair ShopMid City Transit Corporation

Palma Tire Inc. Mid County Tool

Cumberland FarmsPepe’s Auto Repair

Simon Landscaping & ConcreteWhispers Cocktail Lounge

N

57 MILES

Richland

Middletown, New YorkMiddletown, New YorkMiddletown falls within the Poughkeepsie-Newburgh-Middletown Metropolitan Statistical Area, which belongs to the larger New York–Newark–Bridgeport, NY-NJ-CT-PA Combined Statistical Area.

ABOUT ABOUT MIDDLETOWNMIDDLETOWN

Middletown is a city in Orange County, New York, United States. It lies in New York’s Hudson Valley region, near the Wallkill River and the foothills of the Shawangunk Mountains. Middletown is situated between Port Jervis and Newburgh, New York. As of the 2010 United States Census, the city ’s population was 28,086, reflecting an increase of 2,698 from the 25,388 counted in the 2000 Census. Middletown falls within the Poughkeepsie–Newburgh–Middletown Metropolitan Statistical Area, which belongs to the larger New York–Newark–Bridgeport, NY-NJ-CT-PA Combined Statistical Area.

The downtown area, particularly North Street and East/West Main Street, has a variety of ethnic eateries and various small shops. Several churches are located in the neighborhood. The city also has movie theaters, the historic Paramount Theatre, a local arts council, bowling alleys, WALL and WOSR radio stations and Thrall Library downtown. Civic organizations include Boy Scouts of America and Girl Scouts of the USA chapters, as well as Lions Club, Elks Club, Kiwanis, Rotary Club and other service clubs. The Rotary Club runs an annual Horse Show at Fancher Davidge Park each fall. Middletown is also the site of the Orange County Fair each summer and the Orange County Fair Speedway. Highland Lakes State Park is the nearest state park. Good choices for hiking, biking, and country drives are nearby.

DUNKIN’ DONUTS | MIDDLETOWN, NY

ABOUT THE BRANDDunkin Donut’s began in 1948 in Massachusetts, serving donuts for 5 cents and premium coffee for 10 cents, with a goal of making & serving “the freshest, most delicious coffee & donuts quickly and courteously in modern, well-merchandised stores”. The Company operates through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S. The Company has over 18,000 points of distribution in approximately 60 countries across the world. As of December 31, 2016, the Company had 12,258 Dunkin’ Donuts points of distribution, of which 8,828 were in the United States and 3,430 were international, and 7,822 Baskin-Robbins points of distribution, of which 5,284 were international and 2,538 were in the United States. The company plans to open 1,000 new stores by the end of 2020, and is investing $100 Million over the next two years to become an on-the-go beverage leader.

DUNKIN’ DONUTS

DUNKIN’ DONUTS | MIDDLETOWN, NY

12,258 DD POINTS OF DISTRIBUTION IN THE US

2019 ANNUAL REVENUE: $1.37B

OVER 18,000 DD POINTS OF DISTRIBUTION IN THE WORLD

ADDITIONAL PHOTOS

DUNKIN’ DONUTS | MIDDLETOWN, NY

actual siteactual site

ADDITIONAL PHOTOS

actual siteactual site

DUNKIN’ DONUTS | MIDDLETOWN, NY

RETAIL INVESTMENT GROUPDUNKIN’ DONUTS | MIDDLETOWN, NY

2020 DEMOGRAPHICS

17M:1-Mile 3-Mile 5-Mile VEHICLES PER DAY1-Mile 3-Mile 5-Mile

±8,940/VPD

5 Mile

3 Mile

1 Mile

HamtonburghHamtonburgh

MontgomeryMontgomery

MiddletownMiddletown

ScotchtownScotchtown

2010 Population

2020 Population

2025 Population

2010 Households

2020 Households

2025 Households

1-Mile 3-Mile 5-Mile VEHICLES PER DAY1-Mile 3-Mile 5-Mile

8,893 45,428 59,942

9,136 46,893 61,973

9,323 47,898 63,318

3,169 16,301 21,511

5,084 41,906 22,347

5,210 42,773 22,849

GoshenGoshen

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Retail Investment Group and it should not be made available to any other person or entity without the written consent of Retail Investment Group.

By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Retail Investment Group. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The

information contained herein is not a substitute for a thorough due diligence investigation.

Retail Investment Group has not made any 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 and square footage of the property and improvements, the presence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. Additional information and an opportunity to inspect the Property will be made available upon written request to interested and qualified prospective investors.

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Retail Investment Group has not verified, and will not verify, any of the information contained herein, nor has Retail Investment Group conducted any investigation regarding these matters and makes no warranty

or representation whatsoever regarding the accuracy or completeness of the information provided.

All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

The information contained herein has been obtained from the owner of the property or from other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

If you have no interest in the Property, please return this Investment Offering Memorandum to Retail Investment Group, LLC.

8255 E Raintree Drive #100Scottsdale, AZ 85260T 480.429.4580 E info@retail1031.comwww.retail1031.com

CONFIDENTIALITY& DISCLAIMER

RETAIL INVESTMENT GROUPDUNKIN’ DONUTS | MIDDLETOWN, NY

www.retail1031.com

4 8 0 . 4 2 9 . 4 5 8 0 | w w w . r e t a i l 1 0 3 1 . c o m

c o n t a c t u s8 2 5 5 E R a i n t r e e D r i v e S u i t e 1 0 0 S c o t t s d a l e , A Z 8 5 2 6 0

mailto:steven@retail1031.commailto:mark@retail1031.comwww.retail1031.com