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150 E Commerce St
Hernando, MS 38632

Dunkin' · Retail Property For Sale

Investment Highlights

  • New 15-year net lease with scheduled 10% rental increases in initial term and option periods
  • Experienced 73-unit operator (projected to operate 80 by year's end) with over 15 years of experience with Dunkin’
  • On average Dunkin’ sells 2 billion iced and hot coffees per year
  • Three (3) option periods of five (5) years each, providing a passive long-term income generator
  • Dunkin’ is the largest coffee and donuts brand in the United States, with more than 13,200 restaurants in nearly 40 global markets

Executive Summary

This Dunkin’ has a high-visibility and easily accessible location on East Commerce Street with access to 25,000 vehicles per day. The property is strategically located adjacent to a Kroger-anchored shopping center, positioning the site to capture significant crossover buyer activity.
The location features a prime setting surrounded by major national brand tenants, including Walmart Supercenter, Waffle House, Walgreens, Exxon, Sonic Drive-In, Taco Bell, Arby’s, Wendy’s Starbucks and many others. The site greatly benefits from its proximity to the interchange of Interstate 55 and East Commerce Drive, positioning the site to capture a combined 33,200 vehicles per day from a mix of local, commuter and long-haul traffic.
25,508 residents live within a five-mile radius of the site, providing a reliable customer base. Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Dunkin’ and Hernando for steady concurrent growth.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
2,016 SF
Building Class
B
Year Built
2024
Price
$2,578,428 CAD
Price Per SF
$1,279 CAD
Cap Rate
5.35%
NOI
$137,899 CAD
Tenancy
Single
Building Height
1 Story
  • Listing ID: 32135550

  • Date on Market: 2024-11-05

  • Last Updated:

  • Address: 150 E Commerce St, Hernando, MS 38632

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