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Virtual Drive-By

Dunkin' NN

151 East Commerce Street · Hernando, MS 38632 · QSR / Restaurant

Asking price
$1,714,321
Cap rate
5.60%
NOI
$96,000

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNN
Term remaining12.7 yrs
Expiration03/2039
Rent bumps10% Every 5 Years
OptionsThree (5) Year
Ground leaseNo
Credit profile
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,016
Price / SF$890
Year built2024
Lot size0.35 ac
TypeQSR/Fast Food
Days on market104

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Favorable Tenant - Established multistate Dunkin’ Donuts franchisee with over 20 years of experience and continued growth
  • ​Double Net (NN) Lease - Minimal Landlord responsibilities
  • ​Fixed Rental Increases - 10% Rental Increases every 5 years
  • ​Scheduled Rental Increase in Approximately 3 Years - Increasing Cap Rate to 5.88%
  • ​Desirable Retail Location - Situated in close proximity to a Kroger Marketplace (with fuel station) anchored shopping center with surrounding retail including McDonald’s, Whataburger, Wendy’s Starbuck’s, Circle K, Waffle House, AutoZone, O’Reilly Auto Parts, Caliber Collision, Sherwin Williams, Dollar Tree, H&R Block, multiple banks, and numerous other local and national retailers and businesses in the area
  • ​Growing, Award Winning Community - Hernando, Mississippi serves as a county seat with top-rated schools, and is a suburb of Memphis, TN (25-miles south of downtown Memphis)
  • ​Strong Demographics - Average Household Income of $112,956 and over 26,405 residents in a 5-mile radius

Take the next step on this property

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.