September 10, 2020 – Zack Smith of Horvath & Tremblay has successfully completed the sale of Dunkin Donuts in Fleetwood, Pennsylvania. Horvath & Tremblay represented the buyer in the transaction at a sale price of $1,536,000.
Dunkin Donuts is located at 60 Farmers Drive in Fleetwood, Pennsylvania. The stand-alone building was constructed in 2017 and contains 1,868 square feet and a drive-thru on a 1.41-acre corner parcel. The build-to-suit Dunkin Donuts has 12 years remaining on an Absolute NNN Lease with an additional two (2) 5-Year renewal options. The lease features 10% rent increases every five years throughout the base term and the renewal options. The guarantor is well seasoned and operates more than 30 Dunkin Donuts locations throughout the northeastern and mid-Atlantic United States. The property is well located at the intersection of Farmers Drive and Kutztown Road, which serves as the main corridor between the city of Reading and neighboring Kutztown and sees more than 27,400 vehicles per day.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.