dunkin’ donuts - sale/leaseback

DUnkin’ DonUts - sale/leaseback

For More InForMatIon, ContaCt:

Joe Graham, cciMSenior Vice [email protected]/joe.graham

brad cottamKansas LicenseeKS License #SP00234413

12075 West 87th street ParkWaylenexa, kansas

18051 West 119th streetolathe, kansas

Dunkin’ Donuts - sALE/LEAsEBACk

12075 West 87th Street Parkway, Lenexa, Kansas18051 West 119th Street, Olathe, Kansas

ProPErty DEtAiLs

location: 12075 West 87th St PkwayLenexa, KS 66215*

18051 West 119th Stolathe, KS 66061*

building size: 2,113 SF on 36,562 SF of land (0.8164 ac)

1,833 SF on 39,523 SF of land (0.907 ac)

Purchase Price: $1,600,000 $1,600,000

cap rate: 6.25% 6.25%lease type: nnn nnn

tenant: Verona Key, LLC Verona Key, LLClease terms: 10 Years 10 Years

lease commencement: at Coe at Coelease schedule: Year 1-5: $100,000.00 Year 1-5: $100,000.00

Year 6-10: $110,000.00 Year 6-10: $110,000.00options: Year 11-15: $121,000.00 Year 11-15: $121,000.00

Year 16-20: $133,100.00 Year 16-20: $133,100.00Year 21-25: $146,410.00 Year 21-25: $146,410.00

*Sites may be purchased together or separately.

Lenexa, KS Siteolathe, KS Site


12075 West 87th Street Parkway, Lenexa, Kansas18051 West 119th Street, olathe, Kansas

tenant inforMation

the tenant, Verona Key, LLC is a 7 unit operator of Dunkin’ Donuts in the Kansas city metropolitan statistical area. Verona Key, LLC operates Dunkin’ Donuts units in olathe, Lenexa, raytown, Shawnee, Kansas City, and 2 units in overland Park with annualized total sales of approximately $6,000,000. *Financials will be provided with signed CA and LOI.

From the Dunkin’ Donuts website: Dunkin’ Donuts is the world’s leading baked goods and coffee chain, serving more than 3 million customers per day. Dunkin’ Donuts sells 52 varieties of donuts and more than a dozen coffee beverages as well as an array of bagels, breakfast sandwiches and other baked goods.

today, there are nearly 11,000 Dunkin’ Donuts stores worldwide, including 7,015 franchised restaurants in 36 states and 3,068 international shops in 33 countries. Dunkin’ Donuts is a subsidiary of Dunkin’ Brands, Inc.



location MaP

olathe, KS Site

Lenexa, KS Site



retail MaP

Lenexa, KS Site

oak Park Mall

Wells Fargo



retail MaP

olathe, KS Site



12075 West 87th Street ParkwayLenexa, Kansas

DeMoGraPhics

12075 W 87Th Street Pkwy

1 mile radius


3 mile radius


5 mile radius


7 mile radius

2014 Estimated Population 7,681 103,190 212,144 371,774

2019 Projected Population 7,902 104,982 216,698 383,279

2010 Census Population 7,504 101,869 208,474 362,000


Growth 2010-2014 2.35% 1.30% 1.76% 2.70%

Growth 2014-2019 2.89% 1.74% 2.15% 3.09%

2014 Estimated Median Age 36.69 37.60 38.83 38.56

2014 Estimated Average Age 39.32 39.17 39.89 39.23

2014 Estimated Households 3,640 44,959 93,256 158,086

2019 Projected Households 3,812 46,356 96,344 164,220

2010 Census Households 3,474 43,639 90,299 152,328


Growth 2010-2014 4.77% 3.03% 3.28% 3.78%

Growth 2014-2019 4.73% 3.11% 3.31% 3.88%

2014 Est. Average Household Size 2.07 2.27 2.25 2.33

2014 Est. Median Household Income $50,809 $56,637 $59,334 $63,661

2019 Prj. Median Household Income $53,213 $60,354 $63,401 $68,495

2000 Cen. Median Household Income $49,220 $53,713 $56,046 $57,984

2014 Est. Average Household Income $66,309 $72,501 $77,039 $85,489

2014 Estimated Per Capita Income $31,426 $31,588 $33,865 $36,352

2014 Estimated Housing Units 3,875 47,940 99,696 168,548

2014 Estimated Occupied Units 3,640 44,959 93,256 158,086

2014 Estimated Vacant Units 235 2,980 6,440 10,462

2014 Est. Owner Occupied Units 1,876 26,095 57,693 104,422

2014 Est. Renter Occupied Units 1,764 18,864 35,563 53,664

2014 Est. Median Housing Value $174,887 $181,937 $189,519 $200,740

2014 Est. Average Housing Value $186,777 $196,983 $218,281 $248,917

©2014 - CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Source: Nielsen

Prepared On: 12/2/2014 1:03:41 PM Page 1 of 2

Demographic ReportDunkin DonutsLenexa, KS



18051 West 119th Streetolathe, Kansas

DeMoGraPhics

18051 W 119Th St 1 mile radius




2014 Estimated Population 10,026 67,985 187,688 299,713

2019 Projected Population 10,565 71,250 197,378 315,951



Growth 2010-2014 4.83% 4.46% 4.89% 5.20%

Growth 2014-2019 5.38% 4.80% 5.16% 5.42%

2014 Estimated Median Age 33.55 33.60 35.40 36.09

2014 Estimated Average Age 34.77 34.80 35.94 36.47

2014 Estimated Households 3,760 25,617 70,437 114,728

2019 Projected Households 3,970 26,910 74,125 121,061



Growth 2010-2014 4.70% 4.59% 4.85% 5.31%

Growth 2014-2019 5.60% 5.05% 5.24% 5.52%

2014 Est. Average Household Size 2.66 2.61 2.64 2.60

2014 Est. Median Household Income $58,024 $61,602 $71,887 $71,817

2019 Prj. Median Household Income $61,824 $66,412 $77,693 $77,571

2000 Cen. Median Household Income $49,754 $53,147 $63,442 $63,949

2014 Est. Average Household Income $72,888 $77,282 $90,914 $91,950

2014 Estimated Per Capita Income $27,331 $29,120 $34,119 $35,198

2014 Estimated Housing Units 3,966 27,235 74,376 121,301

2014 Estimated Occupied Units 3,760 25,617 70,437 114,728

2014 Estimated Vacant Units 206 1,619 3,939 6,574

2014 Est. Owner Occupied Units 2,455 15,459 47,488 77,864

2014 Est. Renter Occupied Units 1,304 10,157 22,949 36,864

2014 Est. Median Housing Value $173,195 $191,415 $208,462 $216,203

2014 Est. Average Housing Value $175,960 $211,109 $239,015 $251,283

©2014 - CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Source: Nielsen

Prepared On: 12/2/2014 1:12:52 PM Page 1 of 2

Demographic ReportDunkin DonutsOlathe, KS



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SCALE 1" = 2000'

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PROJECTLOCATION

SURVEYOR'S NOTES:

1. FLOOD NOTE: This property lies within flood ZONE X, defined as areas determined to be outside the0.2% annual chance floodplain as shown on the Flood Insurance Rate Map 20091C0036G prepared bythe Federal Emergency Management Agency for the City of Lenexa, Johnson County, Kansas, datedAugust 3, 2009.

2. Total Area of Described Tract: 1.032 acres +-.

3. Zoning: CP2(Planned Community Commercial) as shown on Johnson County AIMS map.

4. Utilities shown are based on observed above ground evidence and information from design drawings.Exact locations of underground utilities may vary from what is shown. All utilities that exist may not beshown.

5. There was no observed evidence of current earth moving work, or building construction on the subjectproperty.

6. There was no observed evidence of site being used as a solid waste dump, sump or sanitary landfill.

7. There are 17 marked parking spaces on the subject property and an unmarked parking area in theNorthwest corner of property.

8. Basis of Bearings: Kansas State Plane Coordinate System 1983, North Zone.

LS-1429

KS# LS-1429

SURVEYOR'S CERTIFICATE:

To: First American Title Insurance Company, VK Investments,LLC and 12075 West 87th Street, LLC, a Kansas Limitedliability company.

This is to certify that this map or plat and the survey on which itis based were made in accordance with the 2011 MinimumStandard Detail Requirements for ALTA/ACSM Land TitleSurveys, jointly established and adopted by ALTA and NSPS,and includes items 1- 4, 6, 8, 9, 11(a), 13, 16 and 18 of TableA thereof. The field work was completed on 05-24-2013.

DESCRIPTION AS PROVIDED IN TITLE COMMITMENT:

A PARCEL OF LAND LOCATED IN THE NORTHEAST ONE-QUARTER OF SECTION 34, TOWNSHIP12, RANGE 24, MORE PARTICULARLY DESCRIBED AS FOLLOWS: THE WEST 150 FEET TO THEFOLLOWING DESCRIBED TRACT: BEGINNING 20 FEET SOUTH AND 290 FEET WEST OF THENORTHEAST CORNER OF THE NORTHEAST ONE-QUARTER OF SECTION 34, TOWNSHIP 12,RANGE 24, IN JOHNSON COUNTY, KANSAS; THENCE WEST 370 FEET; THENCE SOUTH 330 FEET;THENCE EAST 310 FEET; THENCE NORTH 210 FEET; THENCE EAST 60 FEET; THENCE NORTH 120FEET TO BEGINNING, EXCEPT ANY PART USED OR DEDICATED FOR STREETS, ROADS ORPUBLIC RIGHTS OF WAY.

SCHEDULE B - SECTION II ITEMS:

Property is subject to Title Commitment No. NCS-609329-KCTY, provided by FIRST AMERICAN TITLEINSURANCE COMPANY, Dated May 27, 2013 at 8:00 AM. This Survey only shows or notes those exceptions ofSchedule B - Section II that refer plottable easements or rights-of-way. They are 8-14 and 16.

8. A right-of-way for the distribution and conveyance of water granted to the City of Lenexa, Johnson County, amunicipal corporation in the document recorded March 10, 1937 as Document No. 233437 in Book 22 Misc.,Page 21 of Official Records.(Applies and Plotted)

9. An easement granted to Kansas City Power & Light Company, a Missouri corporation in the document recordedDecember 15, 1950 as Document No. 412361 in Book 48 Misc., Page 48 of Official Records.(Applies andPlotted, A Blanket Easement that appears to attempt to cover all of subject property however plotted asdescribed it does not cover the Southerly 20' of subject property)

10. A right-of-way for highway purposes granted to the County of Johnson, State of Kansas in the documentrecorded June 7, 1965 as Document No. 553417 in Book 95 Misc., Page 621 of Official Records.(Applies andPlotted)

11. An easement granted to Kansas City Power & Light Company in the document recorded January 19, 1971 asDocument No. 869045 in Book 214 Misc., Page 666 of Official Records.(Applies and Plotted)

12. An easement granted to Kansas City Power & Light Company in the document recorded August 16, 1973 asDocument No. 962824 in Volume 927, Page 738 of Official Records.(Applies and Plotted)

13. Waterline Easement granted to the City of Lenexa, Johnson County, Kansas in the document recordedNovember 1, 1974 as Document No. 1001444 in Volume 1001, 97 of Official Records.(Applies andPlotted)

14. Stormwater Drainage Easement granted to Lenexa, a municipal corporation in the document recorded August10, 1983 as Document No. 1423781 in Volume 1898, Page 11 of Official Records.(Applies and Plotted)

15. Terms and provisions of Resolution No. 82-25 for establishing a minimum 50 foot setback from the curb line of87th Street to the curb or front building line of any proposed development, by the City of Lenexa, Kansasrecorded May 8, 1992 as Document No. 2122789 in Volume 3599, Page 103.(Applies and Plotted)

16. An easement to the City of Lenexa, Kansas in the document recorded in Book 200506, Page 010333 and asset out in Condemnation No. 05CV4725 of Official Records.(Applies and Plotted)

LEGEND:B/B - BACK TO BACKBL or B.L. - BUILDING LINED/E - DRAINAGE EASEMENTROW or R/W - RIGHT-OF-WAYS/W - SIDEWALKW/E - WATERLINE EASEMENT

HATCH, AR-CONC, ANNOTATIVE, SCALE=0.05, LAYER=C-ROAD-PATT-E

CONCRETE PAVEMENT - EXISTING

CURB & GUTTER - EXISTING

FENCE - SPLIT RAIL

SAN x SANITARY SEWER MAIN - EXIST.STORM SEWER - EXISTING

OHPx OVERHEAD POWER LINE - EXIST.Wx WATERLINE - EXISTING

LPLIGHT - EXISTING

Existing Sanitary MHEXISTING SANITARY MANHOLE

EXAIEXISTING AREA INLET

EXCIEXISTING CURB INLET

EXCIEXISTING GRATE INLET

SurveyPropertyCornerSymbols

FOUND 1/2" REBARUNLESS OTHERWISE NOTED

SurveyPropertyCornerSymbolsFOUND MONUMENT

SurveyPropertyCornerSymbols

SET 1/2" REBAR W/LS-54 CAPUNLESS OTHERWISE NOTED

Telephone PedestalT TELEPHONE PEDESTAL

GUYGUY WIRE

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site sUrVey

18051 West 119th Streetolathe, Kansas

© 2015 CB richard ellis-raleigh, LLC, a Delaware limited liability company. this information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

For More InForMatIon, ContaCt:

Joe Graham, cciMSenior Vice [email protected]/joe.graham

brad cottamKansas LicenseeKS License #SP00234413

EXCLUSIVE OFFERING MATERIALS REQUEST SHEET CB RICHARD ELLIS-RALEIGH, LLC RETURN TO: Joe Graham

CB RICHARD ELLIS-RALEIGH, LLC

4208 Six Forks Rd

Suite 1220

Raleigh, NC 27609

FAX #: (919) 856-2530 PAGES: 2

Name:

Company:

Address:

Phone : Fax : Email:

CONFIDENTIALITY AGREEMENT

This will serve to confirm our agreement concerning certain material, data and information (the "Offering Materials") which CB

RICHARD ELLIS-RALEIGH, LLC, ("CBRE") and VERONA KEY, LLC (the “Owner”) may make available to

______________________ ("Prospective Purchaser") for study in connection with a possible purchase by Prospective Purchaser of

Dunkin Donuts – Lenexa & Olathe, KS (“Property”).

CBRE is prepared to furnish Prospective Purchaser with the Offering Materials in connection with discussions and negotiations

concerning a possible transaction involving the Property only on the condition that Prospective Purchaser treat such Offering

Materials confidentially and confirm certain representations to CBRE. Therefore, as a prerequisite to CBRE's furnishing to

Prospective Purchaser the Offering Materials, Prospective Purchaser hereby represents and agrees as follows:

1. The Offering Materials furnished to Prospective Purchaser will be used by Prospective Purchaser solely for evaluating a possible

transaction exclusively for its own account, as principal in the transaction, and not as broker or agent for any other person.

Therefore, Prospective Purchaser agrees to keep all Offering Materials strictly confidential; provided, however, that any such

Offering Materials may be disclosed to Prospective Purchaser's directors, officers or employees, as well as its counsel, accounting

firms and financial institutions ("Representatives") who need to know such information for the purpose of assisting Prospective

Purchaser with a possible purchase of the Property. Such directors, officers, lawyers, financial institutions and accountants shall

be informed by Prospective Purchaser of the confidential nature of such information and shall be directed by Prospective

Purchaser to treat hold such information in strict confidence. Prospective Purchaser agrees to be responsible for any breach of

this Agreement by any of its Representatives. Prospective Purchaser agrees not to disclose that Owner and the Prospective

Purchaser may be considering a transaction or have had, are having, or propose to have any discussions with respect thereto.

Prospective Purchaser agrees not to copy or duplicate the Offering Materials and to return the Offering Materials to CBRE if

Prospective Purchaser decides to discontinue discussions, or if requested by CBRE.

2. Although CBRE has endeavored to include information which CBRE believes to be relevant for the purpose of helping

Prospective Purchaser in Prospective Purchaser's evaluation of the Property for possible purchase, Prospective Purchaser

understands and acknowledges that neither the Owner of the Property nor CBRE make any representation or warranty to

Prospective Purchaser with respect to any of the Offering Materials. Prospective Purchaser agrees that Owner and CBRE shall

not have any liability to Prospective Purchaser as a result of its Prospective Purchaser's use of the Offering Materials, and it is

understood that Prospective Purchaser is expected to perform and be responsible for such due diligence investigations and

inspections of the Property as it deems necessary or desirable and as permitted by agreement with the Owner of the Property.

3. This Agreement shall be inoperative as to particular portions of the Offering Material if such information (i) becomes generally

available to the public other than as a result of a disclosure by Prospective Purchase or its Representatives in violation of this

Agreement, (ii) was available to Prospective Purchaser on a non-confidential basis prior to its disclosure by Prospective Purchaser

or its Representatives or (iii) becomes available to Prospective Purchaser on a non-confidential basis prior to its disclosure by

Prospective Purchaser or its Representatives when such source is entitled to make such disclosure.

4. The Prospective Purchaser acknowledges that damages alone may be an inadequate remedy for any breach by it or its

representatives, employees, agents or consultants of the terms of this agreement and agrees that, in addition to any other remedies

that Owner may have, Owner shall be entitled to injunctive relief in any court of competent jurisdiction against any breach of this

Agreement by the Prospective Purchaser.

5. Nothing in this Agreement shall be construed as an agreement or obligation on the part of Owner to sell, or the Prospective

Purchaser to purchase, any interest in the Property on any terms.

6. Prospective Purchaser warrants and represents that no broker or agent represents it or will represent it in any transaction involving

the Property.

CB RICHARD ELLIS-RALEIGH, LLC

Joe Graham

ACCEPTED AND AGREED TO

THIS _______________ DAY OF _______________________________, 2015

________________________________________ (SIGNATURE) BY: _____________________________________ (PRINTED)

TITLE: ________________________________ COMPANY:

dunkin’ donuts - sale/leaseback

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