Dunkin’ Donuts

Dunkin’ Donuts

Dunkin’ Donuts
11300 4th Street N
St. Petersburg, FL 33716

$1,330,000

Cap Rate 5.00 %
Gross Leasable Area (GLA) 1,850 Sq. Ft.
Price Per Square Foot (GLA) $718
Year Built 2017
Lot Size 0.43
  • Brand New, Build-to-Suit Asset
  • 10-Year Absolute Net Lease
  • Located on a Signalized Intersection; Out Parcel to a Winn Dixie Anchored Shopping
  • Experienced Dunkin Donuts Franchisee with Strong Track Record
  • No State Income Tax
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Dunkin’ Donuts (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to present for sale this absolute-net leased, fee-simple Dunkin Donuts which is backed by a 12 Unit franchisee with locations throughout Florida and Massachusetts. The brand-new 1,850 SF prototype building is situated on an 18,495 Square foot outparcel to a Winn Dixie Anchored Shopping Center. The site includes a drive-up window and ample parking. This Dunkin Donuts is a build-to-suit in 2017. The lease has a ten-year base term and Net Operating Income of $65,000 per year with 10 percent increases every five years, including the four 5-year option periods.

Located on 4th Street North, the property is located on one of Pinellas Countys major retail arteries connecting southern Pinellas County to the Howard Frankland Bridge and the Westshore Business District (Floridas largest Business District). Benefiting from this strategic location at a signalized intersection, this location captures significant morning traffic as it leaves St Petersburg and heads toward Tampa. In addition to the morning commuters, this asset is within walking distance to over a dozen apartment complexes in excess of 3,000 units

St Petersburg, with over 257,000 residents, is the largest city in Pinellas County. Pinellas County is located on the Gulf of Mexico and is the densest county in the state of Florida. It is part of the Tampa Bay Metropolitan Statistical Area. St Petersburg is known as The Sunshine City with over 361 days of Sunshine each year.

This is an excellent opportunity to acquire a strategically located passive, absolute net leased Investment that benefits from Floridas No State Income Tax.

For More Information, Please Contact:

James Medefind

First Vice President investments
(813) 387-4788
James.Medefind@MarcusMillichap.com