December 9, 2024 – Jack Laurendeau, Bob Horvath and Todd Tremblay of Horvath & Tremblay has successfully completed the sale of a Dunkin’ in Blacksburg, Virginia. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,100,000.
Dunkin’ is located at 1705 S Main Street in Blacksburg, Virginia. The Property was renovated for Dunkin’ in 2024 and they have 14+ years remaining on their Triple Net (NNN) Lease with five (5), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. Starbucks is situated along S Main Street (US Route 460 Business), the area’s primary commercial corridor. The Property benefits from excellent visibility and prominent signage and features a drive thru. Dunkin’ is close to the area’s national and local retailers which drive traffic to the area and is surrounded by densely populated residential neighborhoods that provide a built-in customer base. Dunkin’ is 1.4-miles from US Highways 460 and 1.5-miles from Viginia Tech, a prominent university with an enrollment of approximately 31,000 students. Dunkin’ is also close to LewisGale Hospital Montgomery and Virginia Tech-Montgomery Executive Airport.
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.