dunkin’ dOnuts · Matthews retail advisors COnfidentialitY & disClaiMer stateMent this Offering Memorandum contains select information pertaining to the business and affairs of

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R E T A I L A D V I S O R SOffering MeMOranduM

dunkin’ dOnuts 2209 n YOung Blvd, Chiefland, fl 32626

rePresentative PhOtO

Matthews retail advisors

CO n f i d e n t i a l i t Y & d i s C l a i M e r s tat e M e n t

this O ffer ing Memorandum contains se lec t information per ta ining to the business and af fa i rs of dunkin’ donuts located at 2209 n Young Blvd , Chiefland, fl 32626 (“Proper t y ”) . i t has been prepared by Matthews retai l advisors . this O ffer ing Memorandum may not be a l l - inc lus ive or contain a l l of the information a prospec t ive purchaser may desi re. the information contained in this O ffer ing M emorandum is conf ident ia l and furnished sole ly for the purpose of a review by a prospec t ive purchaser of the Proper t y. i t i s not to be used for any other purpose or made avai lable to any other person without the wr i t ten consent of sel ler or Matthews retai l advisors . the mater ia l i s based in par t upon information suppl ied by the s el ler and in par t upon f inancia l information obtained f rom sources i t deems re l iable. O wner, nor their of f icers, employees, or agents makes any representat ion or warrant y, express or impl ied, as to the accurac y or completeness of th is O ffer ing Memorandum or any of i ts contents and no legal l iabi l i t y i s assumed or shal l be impl ied with respec t thereto. Prospec t ive purchasers should make their own projec t ions and form their own conclus ions without re l iance upon the mater ia l contained herein and conduc t their own due di l igence.

By ack nowledging your receipt of th is O ffer ing Memorandum for the Proper t y, you agree:

1 . the O ffer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ic test of conf idence; and

3. You wi l l not , d i rec t ly or indirec t ly, d isc lose or permit anyone else to disc lose this O ffer ing Memorandum or i ts contents in any fashion or manner detr imental to the interest of the s el ler.

O wner and Matthews retai l advisors express ly reser ve the r ight , at their sole discret ion, to re jec t any and a l l express ions of interest or of fers to purchase the Proper t y and to terminate discuss ions with any person or ent i t y reviewing this O ffer ing Memorandum or mak ing an of fer to purchase the Proper t y unless and unt i l a wr i t ten agreement for the purchase and sale of the Proper t y has been ful ly executed and del ivered.

i f you wish not to pursue negot iat ions leading to the acquis i t ion of the Proper t y or in the future you discont inue such negot iat ions, then you agree to purge a l l mater ia ls re lat ing to this Proper t y including this O ffer ing Memorandum.

a prospec t ive purchaser ’s sole and exclus ive r ights with respec t to this prospec t ive t ransac t ion, the Proper t y, or information provided herein or in connec t ion with the sa le of the Proper t y shal l be l imited to those express ly provided in an executed Purchase agreement and shal l be subjec t to the terms thereof. i n no event shal l a prospec t ive purchaser have any other c la ims against s el ler or Matthews retai l advisors or any of their af f i l iates or any of their respec t ive of f icers, direc tors, shareholders, owners, employees, or agents for any damages, l iabi l i t y, or causes of ac t ion re lat ing to this sol ic i tat ion process or the market ing or sa le of the Proper t y.

this O ffer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Proper t y or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Proper t y s ince the date this O ffer ing Memorandum.

eXClusivelY l isted BY:

table of Contents

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Michel BerlinBroker of recordalliance Commerical real estate,llC license no. 0995684385

(318)681-1051

PriCing & finanCial analYsisinvestment Overview ...............................................................................2executive summary ..................................................................................3Company Overview .................................................................................4

PrOPertY desCriPtiOnPhysical description .................................................................................7Bird’s eye .......................................................................................................8regional Map ..............................................................................................9tenant Map ............................................................................................... 10

deMOgraPhiCsCity Overview | Chiefland, fl .............................................................. 12demographics report ........................................................................... 13

Jason Miguelassociate direCt +1.310.919.5831 MOBile +1.504.236.0734 [email protected] license no. 01970104

Chad kurzManaging Partner direCt +1.310.919.5850 MOBile +1. 562.480.2937 [email protected] license no. 01911198

Matthews retail advisors


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PriCing & finanCial analYsis

OFFERING MEMORANDUM | Dunkin’ DonutsP. 2 Matthews retail advisors

PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS


• Outparcel to Walmart supercenter

• 8 years remaining on lease

• 4, 5-year options with 10% rent increases

• nnn with no landlord responsibilites

• Bite size deal priced at just $650,000

• located approximately 2 miles from Chifland elementary school and Chiefland high school with over 1,560 combined students enrolled

• strong franchisee, operates 48 dunkin donuts in the greater Orlando area

• great retail synergy; other tenants include: Walmart supercenter, Cvs, Walgreens, Winn-dixie Marketplace, tractor supply Co., Mcdonalds, Burger king, taco Bell, Church’s Chicken, and many more

• average household income over $47,000 within 5-mile radius

• replaceable rent, rent is ±$10 per square foot

• Priced below replacement cost, less than $170 per square foot

investment Overview


Matthews retail advisors P. 3Dunkin’ Donuts | OFFERING MEMORANDUM



executive summary

dunkin’ dOnuts2209 n YOung Blvd Chiefland, fl 32626

list Price .............................................................................................................$650,000CaP rate - Current ...............................................................................................6.00%gross leasable area .........................................................................................3,860 sflot size .................................................................................... 1.20 acres (52,272 sf)Year Built/renovated .................................................................................1999/2004

annualized Operating dataMonthly rent annual rent rent/sf CaP rate

Current - 10/24/2023 $3,250.00 $39,000 $10.10 6.00%

Option 1 - 10/24/2028 $3,575.00 $42,900 $11.11 6.60%

Option 2 - 10/24/2033 $3,932.50 $47,190 $12.23 7.26%

Option 3 - 10/24/2038 $4,325.75 $51,909 $13.45 7.98%

Option 4 - 10/24/2043 $4,758.33 $57,100 $14.79 8.78%

tenant summary

tenant trade name dunkin donuts

type of Ownership fee simple

lease guarantor franchisee

lease type nnn

roof and structure tenant responsible

Original lease term 10 years

lease Commencement date 6/11/2013

rent Commencement date 10/25/2013

lease expiration date 10/24/2023

term remaining on lease 8 years

increases 10%

Options 4, 5-year options




Company Overview

Property name dunkin’ donuts

Property type net leased Quick service restaurant

Parent Company trade name dunkin’ Brands group, inc.

Ownership Public

Credit rating B+

rating agency standard & Poor’s

revenue $748.7 million

net income $176.4 million

stock symbol dnkn

Board nasdaQ

no. of locations ±11,000

no. of employees ±260,000

headquartered Canton, Massachusetts

Web site www.dunkindonuts.com

Year founded 1950

dunkin’ Brands group, inc., together with its subsidiaries, develops, franchises, and licenses quick service restaurants under the dunkin’ donuts and Baskin-robbins brands worldwide. the company operates through four segments: dunkin' donuts u.s., dunkin' donuts international, Baskin-robbins u.s., and Baskin-robbins international. dunkin’ donuts is the world’s leading baked goods and coffee chain, serving more than 3 million customers per day. its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard-serve ice cream, soft serve ice cream, frozen yogurt, shakes, malts, and floats. it also leases franchised restaurant properties in Canada, as well as office space in Brazil, China, dubai, and the united kingdom. dunkin' Brands group, inc. is headquartered in Canton, Massachusetts.

franChiseessrM3, llC, a florida limited liability company, is an award winning, well-qualified dunkin donuts franchisee and has owned and operated nearly 100 dunkin Brands restaurants in the last 15 years. they currently own and operate 48 dunkin Brands locations in the greater Orlando area. ssrM3 llC, has a 2015 estimated gross revenue of $270,000.

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PrOPertY desCriPtiOn






Physical description

the Offering

Property name ......................................................................................... dunkin’ donuts

Property address .............................................................................. 2209 n Young Blvd

Chiefland, fl 32626

assessor’s Parcel number ........................................................................ 00676-003-00

site desCriPtiOn

number of stories ..........................................................................................................One

Year Built/renovated .......................................................................................1999/2004

gross leasable area (gla) ................................................................................. 3,860 sf

lot size ................................................................................................ 1.20 aC (52,272 sf)

type of Ownership ........................................................................................... fee simple

Parking ...................................................................................................54 surface spaces

Parking ratio ............................................................................................. 13.98 : 1,000 sf

landscaping .....................................................................................................Professional

topography ............................................................................................... generally level

COnstruCtiOn

foundation ................................................................................................... Concrete slab

framing .......................................................................................................................... Wood

exterior ......................................................................................................... Painted stucco

Parking surface ........................................................................................................asphalt

roof ......................................................................................................................................flat



Bird’s eye



regional Map



tenant Map

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deMOgraPhiCs


PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS

City Overview | Chiefland, fl

Chiefland, florida is a city located in levy County, is known as the “gem of the suwannee valley”. the city is approximately 2.5 hours north of tampa, and about an hour southwest of gaines-ville. this charming small town is home to about 3,000 resi-dents and is known for being a livable city and a great place for families to live.

this area of florida is known as the state’s “nature Coast” due to the abundance of natural beauty, parks, and recreational ac-tivities available. Manatee springs state Park is a short drive from Chiefland and is a major attraction for nature enthusiasts. the park boasts crystal-clear water from a spring flowing di-rectly from the suwannee river and offers a full slate of activi-ties. activities include camping, boating, swimming, and world-renowned manatee watching.

as growth in north florida increased during the last quarter of the twentieth century, Chiefland became a local center for shop-ping. a 202,000 square foot Walmart supercenter was opened in 1995, and increased traffic along us 19/98 support a variety of national fast food franchises plus Best Western and days inn motels. agriculture is still a major factor in the local economy, but there has been a big shift to a service economy. Progress energy florida is moving forward with its plan to build two nucle-ar power plants in southern levy County, costing between $5–7 billion, on the east side of u.s. highway 19, north of inglis.



demographics reportPopulation 3-Mile 5-Mile 10-Mile2020 Projection 4,154 6,547 18,2862015 estimate 4,173 6,604 18,2762010 Census 4,263 6,777 18,6042000 Census 3,741 5,926 15,669growth 2000-2010 13.96% 14.37% 18.73%

households2020 Projection 1,714 2,690 7,0202015 estimate 1,718 2,713 7,0492010 Census 1,746 2,778 7,2142000 Census 1,523 2,430 6,061growth 2000-2010 14.62% 14.32% 19.02%

income$0 - $15,000 19.30% 17.10% 17.01%$15,000 - $24,999 16.10% 16.44% 16.83%$25,000 - $34,999 15.32% 15.13% 13.82%$35,000 - $49,999 14.37% 15.51% 15.32%$50,000 - $74,999 15.45% 15.76% 16.24%$75,000 - $99,999 10.32% 10.61% 11.17%$100,000 - $124,999 5.04% 5.60% 5.80%$125,000 - $149,999 2.49% 2.36% 1.96%$150,000 - $199,999 1.04% 0.98% 1.15%$200,000 - $249,999 0.20% 0.23% 0.36%$250,000 - $499,999 0.26% 0.19% 0.23%$500,000+ 0.12% 0.09% 0.12%2015 est. average household income $47,003 $47,717 $48,6052015 est. Median household income $34,534 $36,279 $37,291

dunkin’ dOnuts2209 n Young Blvd Chiefland, fl 32626Offering MeMOranduM

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Matthews retail advisors | 841 apollo street, suite 150 | el segundo, Ca 90245 | www.Matthews.com

Jason Miguelassociate direCt +1.310.919.5831 MOBile +1.504.236.0734 [email protected] license no. 01970104

Chad kurzManaging Partner direCt +1.310.919.5850 MOBile +1. 562.480.2937 [email protected] license no. 01911198

Michel BerlinBroker of recordalliance Commerical real estate,llC license no. 0995684385

(318)681-1051

Documents

dunkin’ dOnuts · Matthews retail advisors COnfidentialitY & disClaiMer stateMent this Offering Memorandum contains select information pertaining to the business and affairs of