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  • o f f e r i n g m e m o r a n d u m

    DUNKIN DONUTS & BASKIN ROBBINS

    3 4 3 5 P e a c h t r e e I n d u s t r i a l B l v d | D u l u t h , g a

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    EXECUTIVE SUMMARY

    FINANCIAL OVERVIEW

    AREA OVERVIEW

    TENANT OVERVIEW

    Kyle MatthewsBROKER OF RECORDLIC # 67120 (GA)

    Jon PraterAssociateJON.PRATER@MATTHEWS.COMDIR 949.432.4516MOB 626.483.0780LIC # 02013987 (CA)

    BROKER OF RECORD

    CONTENTS

    LISTED BY

    Aron ClineSVP & Senior DirectorARON.CLINE@MATTHEWS.COMDIR 949.432.4509MOB 818.632.0233LIC # 01904371 (CA)

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    E X E C U T I V EO V E R V I E W

    I N V E S T M E N T H I G H L I G H T SRecently executed 20-year lease extension 22.5 Years Remaining

    Upcoming Remodel 400k Dunkin Donuts Next Generation remodel planned

    for 2020

    Affluent Demographics Average household Income exceeds $119,000 within 3 & 5

    Miles 194,000+ residents within a 5-mile radius

    Strategically Located Real Estate Out-parceled to Kroger anchored shopping center with LA

    Fitness, McDonalds, Wells Fargo Bank, GNC, Supercuts, Shell and GNC

    Highly visible to 40,000 VPD intersection

    Absolute NNN Lease with Increases Zero landlord responsibilities 10% rental increases every 5 years

    Strong E-Commerce Proof Tenant The subject property is 100% occupied by a strong e-com-

    merce proof tenant whose services cannot be purchased online

    EXECUTIVE SUMMARY

    Property Name Dunkin Donuts & Baskin Robbins

    Property Street 3435 Peachtree Industrial Blvd

    City, State, Zip Duluth, GA 30096

    GLA 3,315 SF

    Lot SIze 0.49 AC (21,344 SF)

    Year Built 1995

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    F I N A N C I A LO V E R V I E W

    ANNUALIZED OPERATING DATA

    Monthly Rent Annual Rent Increases Cap RateCurrent - 7/31/2020 $11,684.75 $140,217.00 10% 6.33%

    8/1/2020 - 7/31/2025 $9,500.00 $114,000.00 10% 5.15%

    8/1/2025 - 7/31/2030 $10,450.00 $125,400.00 10% 5.67%

    8/1/2030 - 7/31/2035 $11,495.00 $137,940.00 10% 6.23%

    8/1/2035 - 7/31/2040 $12,644.50 $151,734.00 10% 6.85%

    Blended Return 6.02%

    TENANT SUMMARY

    Tenant Trade Name Dunkin' Brands

    Type of Ownership Fee Simple

    Lease Guarantor Franchisee

    Lease Type NNN

    Roof & Structure Tenant Responsible

    Original Lease Term 20 years

    Rent Commencement Date 8/1/2000

    Lease Expiration Date 7/30/2040

    Term Remaining 22.5 Years (Recent 20-Year Renewal)

    Increases 10% Every 5 Years

    Options Four, 5-Year Options

    FINANCIAL HIGHLIGHTS

    LIST PRICE

    $2,213,592

    AVG. CAP RATE

    6.02%

    TERM REMAINING

    22.5 Years

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    C O M P A N Y T R A D E N A M ED U N K I N B R A N D S (NASDAQ: DNKN)

    H E A D Q U A R T E R E DC A N T O N , M A S S A C H U S S E T S

    N O . O F E M P L O Y E E S 2 7 0 , 0 0 0

    W E B S I T EW W W . D U N K I N D O N U T S , C O M

    # O F L O C A T I O N S 1 1 , 5 0 0

    Y E A R F O U N D E D1 9 6 3

    DUNKIN DONUTSDunkin Donuts is the worlds leading baked goods and coffee chain, serving more than 3-million customers every day. Since its founding in 1950, Dunkin Donuts has earned the #1 ranking for customer loyalty in the coffee category for a consecutive nine years and a market leader in sales of hot, decaffeinated and flavored coffee, iced coffee, bagels, donuts, and muffins. It is a subsidiary of Dunkin Brands, Inc., one of the worlds leading franchisors of quick-service restaurants that also operates the Baskin-Robbins chain.

    Named the top ice cream and frozen dessert franchise in the United States by Entrepreneur magazines 35th annual Franchise 500 ranking, Baskin-Robbins is the worlds largest chain of ice cream specialty shops. Baskin Robbins creates and markets innovative, premium ice cream, specialty frozen desserts, and beverages, providing quality and value to consumers at nearly 7,300 retail shops in nearly 50 countries. Baskin-Robbins was founded in 1945 by two ice cream enthusiasts whose passion led to the creation of more than 1,000 ice cream flavors and a wide variety of delicious treats. Headquartered in Canton, Mass., Baskin-Robbins is part of the Dunkin Brands Group, Inc. (Nasdaq: DNKN) family of companies.

    AN INDUSTRY LEADERDunkin Brands continues to pursue innovative menu choices through the collaboration of their culinary team of acclaimed chefs and their research and development team. From new types of coffee creations and flavors to limited time offers, Dunkin Donuts is constantly searching for products their patrons will love. With over 130 years of franchising experience, Dunkin Brands continues to deliver food and beverages quickly, affordable, and conveniently in a welcoming environment through the Dunkin Donuts brand.

    BASKIN ROBBINS

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    PARCEL MAP

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    the offering

    Property Name Dunkin Donuts & Baskin Robbins

    Property Address3435 Peachtree Industrial Blvd

    Duluth, GA 30096

    Assessors Parcel Number 6-321-165

    Site DescriptionNumber of Stories One

    Year Built 1995

    GLA 3,315 SF

    Lot Size 0.49 Acres (21,344 SF)

    Type of Ownership Fee Simple

    Landscaping Professional

    Topography Generally Level

  • s u r r o u n d i n g t e n a n t s 9

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    DULUTH, GADEMOGRAPHICS

    Duluth, GA is a city that embraces the phrase, Spirit of Good Living. Duluth is a community about 27 miles northeast of Atlanta, GA. Duluth is a culturally vibrant community, hosting various annual events including Art Week, Duluth Fall Festival, Howl on the Green, and other events that draw crowds to the city. These events are held in the thriving and restored historic Downtown Duluth. The Arena at Gwinnett Center is Gwinnett Countys primary entertainment venue. Being a suburb of Atlanta, Duluth is home to many daily commuters and was named 26th in Americas Best Places to Move, by Forbes Magazine.

    POPULATION 1 Mile 3 Mile 5 Mile

    2023 Projection 6,903 73,984 207,942

    2018 Estimate 6,750 69,547 194,234

    Growth 2010- 2018 2.46% 12.08% 14.35%

    HOUSEHOLDS 1 Mile 3 Mile 5 Mile

    2023 Projection 2,859 27,036 72,532

    2018 Estimate 2,788 25,503 68,000

    Growth 2010 - 2017 3.15% 11.11% 13.20%

    INCOME 1 Mile 3 Mile 5 Mile

    2017 Est. Average Household Income

    $86,307.37 $119,626.70 $121,829.40

    A R E AO V E R V I E W

    T O P 1 0 City for Best American Values -NewsMax

    B E S T A F F O R D A B L E Suburbs in America -Bloomberg Businessweek

    T O P 1 0 S A F E S T City to Live-Movoto

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    A T L A N T A , G A

    Atlanta is the capital of and the most populous city in the U.S. state of Georgia. Atlanta is the cultural and economic center of the Atlanta metropolitan area, home to 5,522,942 people and the ninth largest metropolitan area in the United States. Atlanta is an alpha- or world city, exerting a significant impact upon commerce, finance, research, technology, education, media, art, and entertainment. It ranks 36th among world cities and 8th in the nation with a gross domestic product of $270 billion.

    Atlanta is home to professional franchises for three major team sports: the Atlanta Braves of Major League Baseball, the Atlanta Hawks of the National Basketball Association, and the Atlanta Falcons of the National Football League. Due to the more than 30 colleges and universities located in the city, Atlanta is considered a center for higher education.

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    ECONOMY

    Atlantas economy is considered diverse, with dominant sectors including logistics, professional and business services, media operations, and information technology. Corporate operations comprise a large portion of the Atlantas economy, with the city serving as the regional, national, or global headquarters for many corporations. Atlanta contains the countrys third largest concentration of Fortune 500 companies, and the city is the global headquarters of corporations such as The Coca-Cola Company, The

    Home Depot, Delta Air Lines, AT&T Mobility, Chick-fil-A, UPS, and Newell-Rubbermaid. Over 75 percent of Fortune 1000 companies conduct business operations in the Atlanta metropolitan area, and the region hosts offices of about 1,250 multinational corporations. Many corporations are drawn to Atlanta on account of the citys educated workforce; as of 2010, nearly 43% of adults in the city of Atlanta have college degrees, compared to 27% in the nation as a whole.

  • This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of Dunkin Donuts & Baskin Robbins located at 3435 Peachtree Industrial Blvd, Duluth GA 30096 (Property) . I t has been prepared by Matthews Real Estate Investment Services. This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Real Estate Investment Services. The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl