7 August , 2007 SARASOTA, FL AREA DUNKIN DONUTS PORTFOLIO ON THE BLOCK SITES PROVIDE NET LEASE INVESTMENTS IN PRIME AREAS Tampa, FL, August 7, 2007 – KMS II, LLC has put five (5) Dunkin Donuts locations up for sale in Sarasota, Port Charlotte, Punta Gorda, and Wauchula, FL.  Tom Geller, Business Development Director – Southeast and David Sobelman, Vice President of Calkain Realty Advisors, the private market division of Calkain Companies, will lead the marketing and transactional efforts on behalf of the seller.  The sites are currently occupied and operated by eighteen (18) unit franchisees Marvin Kaplan, Kevin Millard and Shawn Cabral who have been highlighted for their cutting edge approach to their operations in Time magazine (March 9, 2007) and the Wall Street Journal (May 3, 2007).  The sale of the real estate that they currently occupy will allow them the opportunity to expand their operations with 25 more locations, per their franchise agreement, in Charlotte, Desoto, Hardee, Manatee and Sarasota counties. “The intrinsic value of the real estate coupled with the high profile southwest Florida locations make this a unique opportunity to purchase these assets,” explained Geller.  “The Sarasota area has national appeal and the combination of both the real estate and the tenant’s credit make this highly attractive to a passive investor,” Sobelman continued. Of the five (5) locations in the portfolio, two are single-tenant, freestanding locations that encompass Dunkin Donut’s new concept stores that offer more stylish interiors which encourages people to bring their laptops and offers new menu items.  The other three locations are multi-tenant and include Dunkin Donuts sharing their building with Subway, Firehouse Subs, among others.   The total portfolio is being offered at roughly $11.5 million with an annual income of about $790,000.  Assets are also available for individual purchase and range in price from $1.8 – $3.08 million.     Calkain Companies is a full service real estate brokerage firm with a national scope focusing on single and multi tenant retail, industrial, and office net leased transactions.  Calkain has offices in Tampa, FL, Reston, VA (Washington, DC), Nashua, NH (Boston, MA) and McHenry, MD.  Additional information about the firm and its listings may be found at www.calkain.com. Media Contact: David Sobelman | (813) 282.6000

 

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