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Dunkin Ground Lease - 300 South Water Street, Kittanning, PA

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $1,368,421

  • 1,849

  • 4.75%

  • NOI :

  • Acres :

  • $65,000

  • 0.30

  • Property Type :

  • Property Status :

  • Retail

  • Available

Investment Highlights

  • New 15-Year Absolute NNN Ground lease located in Kittanning, PA
  • 10% rent increases every 5 years
  • Lease guaranteed by Heartland Restaurant Group (70-unit operator)
  • Tenant has plans to renovate the building in next 24 months
  • Newly built in 2012 for Dunkin' Donuts
  • Excellent store sales – approximate rent to sales ratio 5.5%
  • Located at the intersection of South Water Street and Mulberry Street
  • Over 13,000 cars/day on South Water Street
  • Only exclusive franchisee in the Pittsburgh MSA

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