2783 US Highway 70 W | Goldsboro, NC 27530
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2783 US Highway 70 W
Goldsboro, NC 27530
Dunkin - Goldsboro · Retail Property For Sale
Investment Highlights
- 15-year absolute NNN lease with 3 renewal options of 5 years each and 10% rent bumps every 5 years including the options
- Located on the market’s primary commercial corridor (US 70) with the highest traffic volumes in the county (18,000+ in front of Property)
- Average household income of $95,500 within a 3-mile radius of the Property with projected annual growth rate of 3.1% over the next 5 years
- Dunkin is the largest coffee/donuts brand in the U.S. (13,700+ locations) and Coastal Franchising is the second largest franchisee (125+ locations)
- Goldsboro has more than 6 million SF of existing retail inventory that is over 97% occupied with positive leasing absorption over the past 12 months
- Goldsboro is the County Seat of Wayne County and home to Seymour Johnson Air Force Base, a 3,300-acre installation with 4,330 active-duty officers
Executive Summary
Trinity Partners is proud to serve as exclusive listing broker on behalf of ownership and present this net lease retail investment opportunity in eastern North Carolina occupied by DUNKIN’, the largest U.S. based coffee and donuts brand with over 13,700 locations in 40 global markets. (“Dunkin” or the “Property”).
The Property was developed in the first half of 2024 on a 1.9-acre lot with a 1,920 square foot drive-thru building and 33 parking spaces. A 15-year absolute NNN lease is in place that commenced in June 2024 with multiple 5-year renewal options and 10% rent bumps every 5 years. The tenant, Coastal Franchising, is one of the largest franchisees in the chain with nearly 130 locations and headquartered in Charleston, SC.
The Property is on the west side of Goldsboro along US 70, the market’s primary commercial corridor with the highest traffic volumes in the county. Goldsboro is the county seat of Wayne County and approx. 45 minutes southeast of Raleigh and 90 minutes north of Wilmington.
The Property was developed in the first half of 2024 on a 1.9-acre lot with a 1,920 square foot drive-thru building and 33 parking spaces. A 15-year absolute NNN lease is in place that commenced in June 2024 with multiple 5-year renewal options and 10% rent bumps every 5 years. The tenant, Coastal Franchising, is one of the largest franchisees in the chain with nearly 130 locations and headquartered in Charleston, SC.
The Property is on the west side of Goldsboro along US 70, the market’s primary commercial corridor with the highest traffic volumes in the county. Goldsboro is the county seat of Wayne County and approx. 45 minutes southeast of Raleigh and 90 minutes north of Wilmington.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Building Size
1,920 SF
Building Class
C
Year Built
2024
Price
£1,230,564
Price Per SF
£641
Net Initial Yield
5.50%
NOI
£67,677
Tenancy
Single
Number of Floors
1
Building FAR
0.02
Lot Size
1.90 AC
Zoning
GC - General Commercial
Parking
33 Spaces (17.19 Spaces per 1,000 SF Leased)
Frontage
350 ft on US 70
PROPERTY TAXES
| Parcel Number | 2671912214 | Improvements Assessment | £170,274 |
| Land Assessment | £446,481 | Total Assessment | £616,755 |
PROPERTY TAXES
Parcel Number
2671912214
Land Assessment
£446,481
Improvements Assessment
£170,274
Total Assessment
£616,755
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