For Sale
$2,381,000

612 College RdGreensboro, NC 27410

Greensboro, NC Dunkin' - Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a 3,520-square-foot Dunkin' location in Greensboro, North Carolina. The property boasts a new 15-year absolute NNN lease commencing October 7, 2024, and expiring October 7, 2039, with three 5-year renewal options. The lease includes a 10% rental increase every five years, ensuring consistent income growth. The property's strong financial performance is reflected in its 5.25% cap rate and a current NOI of $125,000. Situated on a 0.93-acre lot at 612 College Rd, Greensboro, NC 27410 (APN 55554), this single-story, 1970-built building underwent renovations in 2024. The property benefits from a high-traffic location on College Road, averaging 17,000 vehicles daily, and is surrounded by strong demographics and complementary businesses. Nearby amenities include major retailers like Walmart, Harris Teeter, and Chick-fil-A, along with numerous residential complexes providing a substantial customer base. The trade area boasts over 167,100 residents and 118,400 employees, with average household incomes exceeding $74,000 within one mile, $92,779 within three miles, and $96,356 within five miles. The property is zoned C-M and offers a secure, passive income stream with minimal landlord responsibilities. The asking price is $2,381,000.

Highlights

  • $2,381,000 asking price for a Dunkin' franchise.
  • Absolute NNN lease with a 15-year term commencing October 7, 2024, and 14.9 years remaining.
  • 3,520 square feet, 100% occupancy, generating $125,000 NOI and a 5.25% cap rate.
  • Located at 612 College Rd, Greensboro, NC 27410, on a 0.93-acre lot with high traffic counts.
  • Strong demographics with over 167,100 residents and 118,400 employees in the trade area, and high average household incomes.
  • Excellent location near high-performing retailers including Walmart, Harris Teeter, Chick-fil-A, and other national brands, plus multiple large apartment complexes.

Property Details for 612 College Rd

Property type
Retail properties, Restaurants
Square Feet
3,520 SF
Year Built/Renovated
1970/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
40,511 SF
Units
1

Location Insight

City
Greensboro
County
Guilford
State
North Carolina
Latitude
36.0875685
Longitude
-79.8880498
612 College Rd, Greensboro, North Carolina

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612 College Rd
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