March 8, 2022 – Michael Lombardi and Michael Talbert of Horvath & Tremblay have successfully completed the sale of Dunkin’ in Marlboro, New Jersey. Horvath & Tremblay exclusively represented the seller in this transaction at a sale price of $1,499,153.
Dunkin’ is located at 34 US Route 9 N in Marlboro, New Jersey. Dunkin’ has been at this location since it was constructed in 2004 and has 2+ years remaining on their Absolute NNN Ground Lease with two (2), 5-year renewal options. The ground lease features an attractive 12.9% rent increase at the start of the first renewal option and a 12.5% rent increase at the start of the second renewal option, providing the investor with an attractive hedge against inflation. The Property is set along US Route 9 N, 1-mile from the interchange with NJ Route 18, the areas two primary commercial and commuter corridors. The Property benefits from outstanding visibility and frontage along US Route 9, and is surrounded by national retailers and restaurants. With a large component of residents and commuters traveling through the township the strategically placed property benefits from tremendous exposure to more than 31,600 vehicles per day. Marlboro is an affluent suburb serving the New York metropolitan area and is also the commercial center for the surrounding towns. Marlboro is approximately 40-miles from New York City.
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.