Dunkin' Donuts Leases 2,300 Square Feet Retail Space At 1001 Chestnut St In Philadelphia
1001 Chestnut St
Building Size
2,300 SF
Asset Type
Retail
Closing
Nov 6, 2023
AI
The property asset involved in this transaction is a retail space located at 1001 Chestnut St in the Philadelphia market, encompassing a total area of 2,300 square feet. The transaction reflects the leasing of this retail space to a recognized tenant, Dunkin' Donuts, under the ownership of Victory Condominiums.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1001 Chestnut St
- Market: Philadelphia
- Square Feet: 2,300
- Tenant: Dunkin' Donuts
- Landlord: Victory Condominiums
- Broker: Billy Creagh (National Realty Commercial)
The deal was facilitated by broker Billy Creagh from National Realty Commercial, representing the interests of the tenant Dunkin' Donuts in this leasing transaction. The landlord, Victory Condominiums, engaged in the lease agreement for their retail asset at the identified location.
Players
Philadelphia Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93