July 21, 2023 – Jack Laurendeau and Ryan Benton of Horvath & Tremblay have successfully completed the sale of Dunkin’ in Orlando, Florida. Horvath & Tremblay exclusively represented the buyer in this transaction at a sale price of $2,650,000.
Dunkin’ is located at 3011 Cathy Street in Orlando, Florida. Dunkin’ has been at the Property since its construction in 2018. The newer construction building consists of 1,435 square feet and is situated on a 0.63-acre parcel. Dunkin’ has 10+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 12% rent increases every 5-years throughout the primary lease term and at the start of each renewal option. The property enjoys outstanding visibility and frontage at the intersection of Cathy Street and S John Young Parkway, one of the area’s primary commuter corridors. Dunkin’ is Strategically Positioned within ‘Millenia’, a 450-Acre Master Planned Development with 2.2M SF of Office space, 3.5M SF of Retail/Restaurant space and 1,100 Hotel Rooms. Dunkin’ is also adjacent to Millenia Plaza, a 411,000 SF Power Center Anchored by Home Depot, BJ’s Wholesale Club, and Dick’s Sporting Goods. The Property also offers convenient access to the Mall at Millenia, is 4-miles from Universal Studios, and 6-miles from Downtown Orlando.
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.