Dunkin’ Donuts: Chattanooga, TN (E. Brainerd Rd)
NEW 15-YEAR ABSOLUTE NNN LEASE
The subject property operates under a brand new 15-year absolute NNN lease with no landlord management or maintenance responsibilities whatsoever. There are scheduled rent escalations of 8% every 5 years during the primary term and at each of the four, 5-year renewal option periods.(1)
EXPERIENCED SOUTHEASTERN REGION FRANCHISEE(2)
Bluemont Group has been in the QSR business since 2009. They have successfully managed and held equity interests in a portfolio of over 40 Dunkin’ Donuts. The group as a whole has over 60 years of combined real estate, equity management, and franchise operations experience.
DIRECT STREET FRONTAGE ALONG MAIN THOROUGHFARE
The subject is situated along a major four-lane thoroughfare. The optimal ingress and egress to the property makes it highly accessible. The property has great street frontage along E. Brainerd Road creating exceptional visibility to passing traffic. Addtionally, the property hosts approximately 15 parking spaces for customers.
STRONG TRAFFIC COUNTS AND CUSTOMER BASE
The property boasts high average daily traffic counts of 33,558 vehicles along E. Brainerd Road. This high pedestrian traffic has created a strong customer base to this location.
LOCATED IN A STRONG RETAIL CORRIDOR SURROUNDED BY NATIONAL TENANTS
The subject property is located in a great national mix. The neighboring tenants consist of Goodwill, Advance Auto Parts, Zaxby’s, Wendy’s, Einstein Bros Bagels, USPS, AutoZone, Taco Bell, Walmart, Bojangles, Hardee’s, Food City, Marco’s Pizza, CVS/Pharmacy, Papa Murphy’s, O’Reilly Auto Parts, Dollar General, Ace Hardware, and many more.
(1) Lease information has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein,nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Individuals are strongly advised to take appropriate measures to verify all of the information set forth herein. Buyer must conduct their own Due Diligence.
(2) The Tenant under the Lease is Bluemont Group LLC, a 40 unit entity with a net worth of approximately $10M.
TN Broker of Record: Jody McKibben
License: 307629
