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5821 Wooster Pike
Medina, OH 44256
Dunkin' · Retail Property For Lease
·
1 SF
HIGHLIGHTS
- Corporately Operated Dunkin’ Under Inspire Corporate Holdings
- Brand New Prototypical Building with 15 Year Term Plus Options
- 10% Rental Increases Every 5 Years During Initial Term and Options
- Dunkin’ Holding Company Corporate Guaranty First 10 Years
- Ground Lease Structure Renders the Investment Hands-Off to Landlord
- Surrounded by Two New Daily Needs Grocers, ACME and Discount Drug Mart
PROPERTY FACTS
| Total Space Available | 1 SF | Gross Leasable Area | 2,200 SF |
| Property Type | Retail | Year Built | 2024 |
| Total Space Available | 1 SF |
| Property Type | Retail |
| Gross Leasable Area | 2,200 SF |
| Year Built | 2024 |
ABOUT THE PROPERTY
For sale to qualified investors is the fee simple interest in a brand new, long-term, corporately-guaranteed lease with Dunkin’ in Medina, Ohio. The store is operated by DB Operating Company, a subsidiary of Inspire Brands, and features a corporate guaranty for the first 10 years of the lease. The investment features a firm 15 year base term plus options, and provides the buyer with 10% increases every 5 years during the initial term and options. This will act as a hedge against inflation and provide future value and revenue growth for the investor. Within only 3 years, the cap rate jumps from 5.75% to 6.32% due to the built in rental increase. Structured as a ground lease, the Tenant is responsible for all maintenance, repairs, and replacements, rendering this asset as “hands-off” to the investor. The new prototypical facility is located adjacent to many new retailers, including Taco Bell, McDonald’s, Mr. Tire, and Discount Drug Mart (78 Stores), and directly across the street from a new Chipotle and ACME grocery store. Medina is part of the Cleveland MSA which has over 2,000,000 residents.
