single tenant-dunkin-donuts-for-sale
DESCRIPTION
The Boulder Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed Dunkin’ Donuts property located within an affluent suburb of Chicago.TRANSCRIPT
NET LEASED INVESTMENT OFFERING
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Dunkin’ Donuts (NASDAQ: DNKN)1991 Brookdale Road
Naperville, IL 60563 (Chicago MSA)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TABLE OF CONTENTS
TABLE OF CONTENTS
1) Confidentiality&Disclaimer
2) ExecutiveSummary
3) PropertyOverview
4) Aerials
5) Maps
6) TenantProfile
7) DemographicComparisonReport
8) LocationOverview
9) ContactInformation
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TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
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TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantnetleasedcorporatelyguaranteedDunkin’Donutsproperty locatedwithinanaffluentsuburbofChicago.Theproperty isstrategically locatedalongIllinoisRoute59,aprimarynorth-souththoroughfare.ThepropertyisideallysituatedalongthemorningcommutesideofIllinoisRoute59.ThecorporatelyguaranteedDunkin’Donutsleasehasapproximatelynineyearsremainingandfeaturesa15%rentalescalationintheprimarytermandineachrenewaloptionperiod.Dunkin’Donutsisapubliclytradedcompany(NASDAQ:DNKN)withamarketcapitalizationinexcessof$4.5billion.Thepropertyisco-brandedwithBaskin-Robbins.
The3,816squarefootDunkin’DonutsbuildingislocatedalongIllinoisRoute59.IllinoisRoute59istheprimarynorth-souththoroughfareinthetradeareathatexperiencestrafficcountsinexcessof45,000vehiclesperday.Additionally,IllinoisRoute59hasadirectinterchangewithInterstate88.Interstate88islocatedapproximatelythree-quartersofamilenorthofthepropertyandexperiencestrafficcountsinexcessof126,000vehiclesperday.Thedenselypopulatedaffluentareahasapproximately190,000peoplelivingwithinafivemileradiusearningaverageannualhouseholdincomesinexcessof$102,000.
TheDunkin’Donutspropertybenefitsfromitscloseproximitytomanylargeofficebuildingsincludingtheheadquartersofseverallargecorporations.BothNicor,anenergyandshippingcompany,andNalco,asupplierofwater,energy,andairimprovementsolutions,areheadquarteredintheimmediatevicinityemploying3,700and1,000people,respectively,at theirNapervilleoffices.Additionally, thesurroundingarea featuresmanynational retailers includingTarget,Meijer,Walgreens,CVS,andChaseBank.
ThereareapproximatelynineyearsremainingonDunkin’DonutsoriginaltwentyyearleasethatexpiresSeptember30,2023.Thecorporatelyguaranteedleasefeaturesa15%rentalescalationintheprimarytermandineachrenewaloptionperiod.Therearefive5-yearrenewaloptionperiods.Dunkin’Donuts ispublicly tradedontheNASDAQ(DNKN)withamarketcapitalizationinexcessof$4.5billion.
INVESTMENT HIGHLIGHTS
•LocatedwithinanaffluentsuburboftheChicagoMSA•15%rentalescalationseveryfiveyears•Nolandlordresponsibilities•LocatedalongtheheavilytraffickedIllinoisRoute59(45,000VPD)•Tenantispubliclytraded(NASDAQ:DNKN)withamarket capitalizationinexcessof$4.5billion•Approximately190,000peoplelivingwithinafivemileradiusearning averagehouseholdincomesinexcessof$102,000annually•Surroundingareafeaturesmanylargeofficebuildingsandthe headquartersofseveralnationalcorporations•Interstate88islocated¾ofamilenorthoftheproperty(126,000VPD)
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
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PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $2,178,100
CapRate: 5.75%
RentSchedule: NOI EscalationDate
$125,235$144,020 10/1/2018$165,623 10/1/2023(Option1)$190,467 10/1/2028(Option2)$219,037 10/1/2033(Option3)$251,892 10/1/2038(Option4)$289,676 10/1/2043(Option5)
RentalEscalations: 15%EveryFiveYears
RenewalOptions: Five5-Year
LeaseExpirationDate: September30,2023
Tenant: Dunkin’Donuts
Guarantor: Corporate
YearBuilt: 2003
LeaseType: NNN
RentableSquareFeet: 3,816SF
LandAcreage: 72,919SF
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AERIALS
AERIALS
N
88
126,000 VPD
45,000 VPDILLINOIS ROUTE 59
CORPORATE HEADQUARTERS
CORPORATE HEADQUARTERS
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AERIALS
AERIALS
N
59
BROOKDALE ROADBROOKDALE ROAD
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MAPS
MAPS
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Dunkin’ Brands Group, Inc., togetherwith itssubsidiaries,owns,operates,and franchisesquickservice restaurantsunder theDunkin’DonutsandBaskin-Robbinsbrandsworldwide. Thecompanyoperates in four segments:Dunkin’DonutsU.S.,Dunkin’DonutsInternational,Baskin-RobbinsInternational,andBaskin-RobbinsU.S.Itsrestaurantsofferhotandcoldcoffee,donuts,bagels,muffinsandsandwiches,hard-serveicecream,frozenbeverages,bakedgoods,andotherproducts.AsofFebruary10,2014,thecompanyhadapproximately11,000Dunkin’Donutsrestaurantsand7,300Baskin-Robbinsrestaurants,whichareprimarilyownedandoperatedbyapproximately2,000franchisees,licensees,andjointventurepartners.Dunkin’BrandsGroup,Inc.isheadquarteredinCanton,Massachusetts.
Dunkin’BrandsGroup,IncispubliclytradedontheNASDAQ(DNKN)withamarketcapitalizationinexcessof$4.5billion.
Website: www.dunkindonuts.comStockSymbol: DNKN(NASDAQ)MarketCapitalization: $4.5billionNumberofLocationsWorldwide: 18,300+Standard&Poor’sRating: B+Headquarters: Canton,MA
TENANT PROFILE
TENANT PROFILE
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DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
Population 1-mi 3-mi 5-mi
TotalPopulation 14,248 70,298 188,199TotalHouseholds 6,355 28,243 68,485
Income
MedianHouseholdIncome $60,978 $72,442 $76,728AverageHouseholdIncome $78,583 $96,707 $102,663
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NapervilleisasuburbancityofChicago,locatedinDuPageandWillcountiesintheStateofIllinois.Itwasrated1stonthelistofbestcitiesforearlyretirementin2013bykiplinger.Ina2010study,NapervillewasnamedthewealthiestcityintheMidwestandeleventhinthenationwithapopulationover75,000.Asofthe2010census,thecityhadatotalpopulationof141,853,makingitthefifth-largestcityinIllinois.Onceaquaintfarmingtown,Napervillehasevolvedintoanaffluentcity.TheNapervillecommunityishometo
manylargeemployersincludingEdwardHospital,Nicor,Alcatel-Lucent,andBPAmerica.NapervilleisservedbyTheRonaldReaganMemorialTollway(thetolledportionofInterstate88)runsnearthenorthedgeofNapervillewiththreeexitsservingthecity.www.naperville.il.us
ChicagoisthemostpopulouscityintheMidwesternUnitedStatesandthethirdmostpopulouscityintheUnitedStateswith2,700,000 residents.Chicago is thecountyseatofCookCounty, thesecond largestcountyintheUnitedStates.TheChicagoMSAisthethirdmostpopulatedmetropolitanareaintheUnitedStateswith9,580,567residents.TheMSAcoversover1,300squaremilesandsixcounties.TheChicagometropolitanareaishometothecorporateheadquartersof57Fortune1000companies,includingBoeing,McDonald’s,Motorola,DiscoverFinancialServicesandUnitedAirlines.Chicagoisamajorhubforindustry,
telecommunicationsandinfrastructureandO’HareInternationalAirportisthesecondbusiestairportintheworldintermsofvolume.
ThemetroisamajorfinancialcenterinNorthAmerica,andishometothelargestfuturesexchangeintheUnitedStates,theCMEGroup.ChicagoisthirdintheworldontheGlobalFinancialCentersIndexwhichranksthecompetitivenessoffinancialcentersbasedonpeople,businessenvironment,marketaccess,infrastructureandgeneralcompetitiveness.
www.cityofchicago.org
LOCATION OVERVIEW
LOCATION OVERVIEW
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CONTACT INFORMATION
CONTACT INFORMATION
666DundeeRoad,Suite1801Northbrook,IL60062
Randy [email protected]
Jimmy [email protected]