™ offering memorandum DUNKIN’ DONUTS 2545 W. 12TH ST | ERIE, PA CONTENTS 03 EXECUTIVE SUMMARY 04 FINANCIAL OVERVIEW 06 TENANT OVERVIEW 10 AREA OVERVIEW LISTED BY CALVIN SHORT FVP & SENIOR Director
[email protected] DIR 949.432.4506 MOB 310.567.3525 LIC # 01927216 (CA) Michael Chislock Associate
[email protected] DIR 949.777.5989 MOB 714.330.2077 LIC # 02026406 (CA) BROKER OF RECORD SCOTT BURDETT BROKER OF RECORD LIC # 10301213057 EXECUTIVE OVERVIEW INVESTMENT HIGHLIGHTS • New 10-year NNN lease providing for a great passive investment for both in state and out of state investors • Seasoned franchisee operator with 6 open locations and an additional 6 locations planned to open over the coming years • 7.50% increase in year 6 and fixed increases in the option periods • Master entity guarantee from D.A.L.R.T., Inc. • 2015 construction with drive-thru component • Oversized 1.06-acre parcel allowing for an additional development opportunity (see broker for details) • Strong frontage and visibility along W. 12th Street which has traffic counts of over 28,000 cars per day • Less than a mile from Erie International Airport and surrounded by a strong mix of national retailers such as CVS, Starbucks, Panera Bread, ALDI, and Taco Bell 3 FINANCIAL OVERVIEW EXECUTIVE SUMMARY ANNUALIZED OPERATING DATA Monthly Rent Annual Rent Rent/SF Cap Rate Property Name Dunkin’ Donuts Years 1-5 $7,083.33 $85,000.00 $46.22 5.65% Property Street 2545 W 12th St Years 6-10 $7,614.58 $91,375.00 $49.69 6.07% City, State, Zip Erie, PA 16505 Option 1 $7,995.25 $95,943.00 $52.17 6.38% Option 2 $8,395.00 $100,740.00 $54.78 6.70% Year Built 2015 GLA 1,839 SF 4 TENANT SUMMARY Tenant Trade Name Dunkin' Donuts FINANCIAL HIGHLIGHTS Type of Ownership Fee Simple Lease Guarantor D.A.L.R.T., Inc.