The sale of a 1,901-square-foot Dunkin’ location in Kankakee, Illinois has been successfully brokered by Marcus & Millichap. This highly sought-after spot for coffee and donut enthusiasts is a net-leased property situated at 454 Riverstone Parkway.
In just 49 days, the asset was sold for $1,648,000 which is equivalent to 96% of its list price. The exclusive listing to market this property on behalf of the seller – a limited liability company – was held by Marcus & Millichap’s Chicago Oak Brook office investment specialists Austin Weisenbeck, Sean Sharko and Benjamin Shapiro. The buyer – an individual/personal trust – did not have representation.
This newly constructed Dunkin’ with double drive-thru capabilities relocated from its previous successful location into this prime spot in 2023. It boasts a triple-net lease with an experienced operator who manages over two dozen other Dunkin’ locations within the greater Chicagoland area. Located within Riverstone Parkway development which spans across 80 acres and houses major retailers such as Walmart Supercenter , Tractor Supply Co., Hilton Garden Inn ,and ALDI; this Dunkin’ is positioned perfectly for success.
The article “Marcus & Millichap Closes Sale of Newly Constructed Dunkin'” originally appeared on Connect CRE.
