June 28, 2023 – Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of Dunkin’ in Elkins Park, Pennsylvania. Horvath & Tremblay exclusively represented the seller and procured the buyer in this transaction at a sale price of $1,000,000.
Dunkin’ is located at 2 Township Line Road in Elkins Park, Pennsylvania. Dunkin’ has been at this location for more than 22 years (since 2000) and has 2+ years of term remaining on their Absolute NNN Lease with one (1), 5-year renewal option. The 5-year renewal option features an attractive 15% rent increase. Dunkin’ is strategically located at the signalized intersection of Church Road and Township Line Road (PA Route 73), the area’s primary commercial and commuter corridor. The Property benefits from outstanding visibility and frontage from both roadways and ample parking. The Property is situated between the area’s two large medical centers, the Einstein Medical Center and Emergency Room and the Jeanes Campus – Temple University Hospital, and is also close to two train stations, Ryers with service on the Fox Chase Line (0.8-miles) and Elkins Park with service on the Warminster & West Trenton Lines (1.8-miles). The Property is also within 3-miles of three colleges/universities and several public schools. Elkins Park is a suburb of Philadelphia and is approximately 13-miles north of the 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.