For Sale
$1,916,700

13149 Us-301Dade City, FL 33525

High-Yield Dunkin' in Dade City, FL

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2,205 square foot Dunkin' restaurant located at 13149 US-301, Dade City, Florida 33525. The property boasts a strong 5.00% cap rate and a substantial net operating income (NOI) of $95,836. Secured by a 20-year triple-net (NNN) lease with a franchisee tenant, the lease commenced May 1, 2015, and has a remaining term of 10.4 years, expiring April 30, 2035. Rent bumps are included in renewal options, offering further upside potential. The property sits on a one-acre lot and benefits from excellent visibility along US-301, a major thoroughfare with over 26,500 cars daily. Its prime location within Dade City's primary retail corridor, near Walmart, Winn-Dixie, and McDonald's, ensures high traffic and strong consumer demand. The area's population of 114,506 within a 10-mile radius is projected to grow by more than seven percent in the next five years. The property's convenient accessibility, adjacent to a hotel and an 80-unit apartment complex, and proximity to the Lennar at Mirada master-planned community (5,000+ homes) further enhances its value and potential for long-term growth. The asking price is $1,916,700, representing a price per square foot of $869.25. This is a rare opportunity to acquire a high-performing, well-located Dunkin' restaurant with a long-term lease and significant growth potential in a thriving market.

Highlights

  • 10-year extension added to existing Triple-Net (NNN) lease.
  • Below-market rent enhances profitability.
  • Located approximately one hour from Tampa.
  • Excellent visibility on US-301, with over 26,500 vehicles daily.
  • Situated in Dade City's primary retail corridor, near Walmart, Winn-Dixie, and McDonald's.
  • 114,506 residents within a 10-mile radius, projected 7%+ growth in five years.

Property Details for 13149 Us-301

Property type
Retail properties, Restaurants
Square Feet
2,205 SF
Year Built
2015
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Dade City
County
Pasco
State
Florida
Latitude
28.3498978
Longitude
-82.1881661
13149 Us-301, Dade City, Florida

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13149 Us-301
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