Calkain’s Managing Partner, Patrick Nutt and Executive Managing Director, Andrew Fallon have recently completed the sale of the Dunkin’ Donuts property located at 2266 Ocoee Apopka Rd, Ocoee, FL 34761. The 2,126 square foot building is 100% leased to Dunkin’ Donuts and sold for full asking price at $1,375,000. The newly constructed building is situated on the corner of Ocoee Crown Point Pkwy and Ocoee Apopka Rd.
According to Nutt, “The supply versus demand issues have been affecting net lease in various ways over the past 6-12 months, with some asset classes observing a slight expansion in cap rates due to adequate or over supply. In contrast, the rare nature of a corporate Dunkin’ Donuts site along with the small rent and truly passive 20 year lease created a premium for the property in Ocoee as you simply don’t see these opportunities very often.”
Fallon followed, “The bidding process and ultimate sale for this Dunkin Donuts, illustrates not only the demand for Florida properties, but also Calkain’s command of the market.” Having procured multiple offers within the first week of marketing, the best buyer was selected and closed escrow within 40 days. This was the perfect example of Calkain’s reach and collaboration across markets. “In this case, we were able to provide our brokerage services and expertise to a developer-client who we typically work with throughout the mid-Atlantic. The execution was a win-win for everyone,” stated Fallon.
Calkain has additional Dunkin’ Donuts properties available in Odessa, FL and coming soon in Palmetto, FL. Visit www.calkain.com/properties/ for more information.
Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, debt placement, equity placement, asset management and research. Calkain has a national platform with multiple office locations throughout the entire East Coast. Additional information about the firm and listings may be found at www.calkain.com.