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1001 Chestnut St

Dunkin' Donuts Leases 2,300 Square Feet Retail Space At 1001 Chestnut St In Philadelphia
LEASEDRetail

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

Billy Creagh
Verified Badge

Billy Creagh

National Realty Commercial

Broker

$13.3M

vol

39 deals

Broker
VC
Victory CondominiumsLandlord
DD
Dunkin' DonutsTenant

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