Address: 300 Smith Industrial Boulevard, Dalton, Georgia, United States 30721
Cap Rate: 5.75%
Lease Type: Double Net (NN)
Annual Rent: $108,000
Net Operating Income: $108,000
Lease Term Remaining: 10 Years
Rental Increases: 10% Every 5 Years
Options: Four, 5-Year Options
Year Built: 2018
Rentable Sq/Ft: 1,776 SF
Rent Sq/Ft: $60.81
Price Sq/Ft: $1058
Lot Size: +/-1.37 Acres
Marcus & Millichap is pleased to present the exclusive listing for a Dunkin Donuts located at 300 Smith Industrial Blvd, Dalton, GA 30721. The site will be completed in Q4, 2018, and consists of roughly 1,776 rentable square feet of building space on an estimated 1.37 acre parcel of land.
Dunkin Donuts is subject to a new 10-year double-net (NN) lease. The annual rent is $108,000 and will increase by 10% every five years in the initial term and in the option periods. There are four (4), five (5)-year tenant renewal options.
The Dunkin Donuts property is situated on North Glenwood Boulevard, which boasts an average traffic count of approximately 32,400 vehicles per day. North Glenwood Boulevard intersects with North Bypass 41, which brings an additional 36,500 vehicles into the immediate area on average daily. This Dunkin’ Donuts property is located in a densely populated area with approximately 39,067 individuals residing within a three-mile radius of the property and 65,902 individuals within a five-mile radius.
The Dunkin Donuts benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, apartment complexes, and academic institutions all within close proximity of this property. Major national tenants include: Lowe’s, Food City, Kroger, McDonalds, Taco Bell, Rite Aid, Starbucks, Checkers, Hardee’s, Bojangle’s, Popeye’s, Captain D’s, Zaxby’s, Jack’s, and more. This Dunkin’ Donuts also benefits from being situated directly next Dalton Middle School and Heritage Point Regional Park. This Dunkin’ Donuts is also less than 3 miles from Dalton High School. Belhaven University-Dalton Campus is also only 5 miles away and has an enrollment of over 4,000 students. This subject property is 27 miles from the Parkridge Medical Center. The Parkridge Medical Center has a total bed count of 275.
Encompassing $304 billion, the Atlanta metropolitan area is home to the eighth-largest economy in this country and 17th-largest in the world. Over 75 percent of Fortune 1000 companies conduct business in Atlanta. Many corporations are drawn to Atlanta on account of the city’s educated workforce. As of 2010, 43 percent of adults in the city have college degrees, compared to 27 percent in the nation as a whole. Atlanta is home to the headquarters of many different corporations such as The Coca-Cola Company, The Home Depot, Delta Air Lines, AT&T Mobility, Chick-fil-A, UPS, and Newell Rubbermaid among others. Atlanta is also the capital of the U.S. state of Georgia. It played an important part in both the Civil War and the 1960s Civil Rights Movement. Atlanta History Center chronicles the city’s past, and the Martin Luther King Jr. National Historic Site is dedicated to the African-American leader’s life and times. Downtown, Centennial Olympic Park, built for the 1996 Olympics, encompasses the massive Georgia Aquarium.
Broker of Record: Michael Fasano – License # 352663