February 15, 2023 – Michael Talbert and Zach Smith of Horvath & Tremblay have successfully completed the sale of Dunkin’ in Tampa, Florida. Horvath & Tremblay exclusively represented the seller and procured the buyer in this transaction at a sale price of $2,182,803.
Dunkin’ is located at 12171 W Hillsborough Avenue in Tampa, Florida. Dunkin’ has been at this location since it was constructed in 2017 and has 9+ years remaining on their Triple Net Lease with four (4), 5-year renewal options. The lease calls for significant 10% rent increases every five years throughout the base term and at the start of each of the renewal options. The Property enjoys an outstanding location adjacent to the signalized intersection of Countryway Boulevard and W Hillsborough Avenue, the area’s primary commercial and commuter corridor. The Property enjoys outstanding visibility and has access from both Countryway Boulevard and W Hillsborough Avenue. More than 55,600 vehicles pass the Property each day along W Hillsborough Avenue. A combined 68,800 vehicles pass through the signalized intersection of W Hillsborough Avenue and Countryway Boulevard. The Property benefits from convenient access to downtown Tampa, the Tampa International Airport, area schools, and countless densely populated residential neighborhoods to the immediate north and east.
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.