Marcus & Millichap Broker $1.65M Sale Of Dunkin' Location In Kankakee
454 Riverstone Parkway
$1,648,000
$866/SF
Building Size
1,901 SF
Asset Type
Retail
Closing
Dec 28, 2023
About this deal
AI
A Dunkin' location with a double drive-thru in Kankakee, Illinois has been sold for $1,648,000. The property is part of the Riverstone Parkway development and spans 1,901 square feet. The sale closed in just 49 days, achieving 96% of the list price. The transaction involved a net-leased property with a 10-year lease, occupied by an experienced operator who relocated from a previous successful location.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,648,000
- Square Footage: 1,901
- Price Per Square Foot: $867
- Address: 454 Riverstone Parkway, Kankakee, Illinois
- Market: Kankakee
Brokers Austin Weisenbeck, Benjamin Shapiro, and Sean Sharko from Marcus & Millichap represented the parties involved in this sale. They successfully brokered the deal for the Dunkin' location, securing 96% of the list price and closing the transaction in just 49 days.
Players
Colton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Sean Sharko to view all their deals.
Browse Colton retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.63%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93