May 17, 2018 – Kyle Danielson and Bob Horvath of Horvath & Tremblay has successfully completed the sale of Dunkin’ Donuts in Baltimore, Maryland. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the property at a sale price of $843,000, a 5.93% cap rate.
The unique, stand-alone building is located in an irreplaceable, urban-infill, location on the edge of the Johns Hopkins Hospital and Medical School Campus. Dunkin’ Donuts recently completed a $250,000 renovation and modernization of the stand-alone property and store, which opened in December 2017. The initial 10-year lease has 9+ years remaining plus two, 5-year tenant renewal options, with rent bumps occurring in lease year 6 and at the start of each option period. The Franchisee lease is structured as triple net with zero landlord responsibilities.
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.