Ft. Lauderdale, FL – Calkain’s Managing Partner, Patrick Nutt has recently completed the $1,575,000 sale of the Dunkin’ Donuts asset located at 17951 Gunn Highway in Odessa, FL. The out of state 1031 Exchange buyer was attracted to the NNN lease, new construction with a franchise guaranty.
Typical with most Dunkin’ Donuts buildings, this asset was well-situated at a hard signalized intersection in a strong retail corridor. With a strong, high profile tenant, this type of NNN asset will continue to draw attention from buyers as a solid investment to place cash, or in the case here, a 1031 exchange.
Dunkin’ Donuts usually include rental increases in their leases making them a popular choice for net lease investors,” commented Nutt. He continued, “Given the household name and brand affinity for Dunkin Donuts, alongside the relatively low price point, we had tremendous interest in this location and hope to have more Dunkin sites coming to market soon.”
Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, debt placement, equity placement, asset management and research. Calkain has a national platform with multiple office locations throughout the entire East Coast. Additional information about the firm and listings may be found at www.calkain.com.