DUNKIN’ DONUTS - SALE/LEASEBACK FOR MORE INFORMATION, CONTACT: Joe Graham, CCIM Senior Vice President 919.831.8196 [email protected]www.cbre.com/joe.graham Brad Cottam Kansas Licensee KS License #SP00234413 12075 WEST 87th STREET PARKWAY LENEXA, KANSAS 18051 WEST 119th STREET OLATHE, KANSAS
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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
DUnkin’ DonUts - sale/leaseback
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.
DUnkin’ DonUts - sale/leaseback
12075 West 87th Street Parkway, Lenexa, Kansas18051 West 119th Street, olathe, Kansas
location MaP
olathe, KS Site
Lenexa, KS Site
DUnkin’ DonUts - sale/leaseback
12075 West 87th Street Parkway, Lenexa, Kansas18051 West 119th Street, olathe, Kansas
retail MaP
Lenexa, KS Site
oak Park Mall
Wells Fargo
DUnkin’ DonUts - sale/leaseback
12075 West 87th Street Parkway, Lenexa, Kansas18051 West 119th Street, olathe, Kansas
retail MaP
olathe, KS Site
DUnkin’ DonUts - sale/leaseback
12075 West 87th Street Parkway, Lenexa, Kansas18051 West 119th Street, olathe, Kansas
12075 West 87th Street ParkwayLenexa, Kansas
DeMoGraPhics
12075 W 87Th Street Pkwy
1 mile radius
12075 W 87Th Street Pkwy
3 mile radius
12075 W 87Th Street Pkwy
5 mile radius
12075 W 87Th Street Pkwy
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
2000 Census Population 7,428 101,910 204,021 338,100
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
12075 West 87th Street Parkway, Lenexa, Kansas18051 West 119th Street, olathe, Kansas
site sUrVey
0 20' 40'
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95TH STREET
87TH STREET PARKWAY
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SANTA FE TRAIL DR.NW1/4 NE1/4
SW1/4
SECTION 34-12-24LOCATION MAP
SCALE 1" = 2000'
34
SE1/4
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, Page 997 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