Dunkin' Donuts is an attractive net lease asset for many investors. They are usually well located in shopping centers, mini-malls etc and easily accessed by their customers. Since Dunkin' Donuts deals with perishable items they are not in the same danger many brick & mortal retailers are in from online commerce. The brand has also done very well in increasing the popularity of the other items they offer such as breakfast sandwiches and coffee. In-fact Brand Keys has given them the #1 Ranking in customer loyalty in the coffee category since 2007 (they were also named #1 in Donuts and #2 in breakfast sandwiches). Dunkin' Donuts also usually includes rental increases in their leases making them a popular choice for net lease investors.
Pros:
- Corporate Guaranty
- Lease usually includes increases
- NNN Lease; minimal landlord responsibilities
Cons:
- Shorter lease terms
- Non-investment grade credit
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Jonathan Hipp
Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.
