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ERG Property Advisors Facilitates the Sale of a Freestanding Dunkin' Donuts Corporate Ground Lease

NEW YORK — June 19, 2013 — ERG Property Advisors is pleased to announce the sale of 595 Franklin Avenue, Franklin Square, NY 11010.

The property is a Free Standing Dunkin Donuts Ground Lease located on the corner of Franklin Avenue & Ferngate Drive. The lease has 9 years remaining and is corporately guaranteed by Dunkin Brand, INC. (NASDAQ: DNKN).
 
Dunkin Donuts (Nasdaq: DNKN) is an international doughnut and coffee retailer founded in 1950 and is headquartered in Canton, Massachusetts. The company has 16,000 locations in 56 countries worldwide, which include more than 6,700 Dunkin Donuts locations throughout the United States.
 
The property is strategically located on one of the busiest roads in Nassau County and houses over 782,307 people within a five-mile radius.
 
The property sold for $1,550,000 which represents a cap rate of 5.81%. Andrew Greenberg,Senior Director of Retail, and Evan Street, Senior Associate of ERG Property Advisors, exclusively brokered this transaction.
 
For more information about this property, please contact Andrew Greenberg at (646) 253-0950, his email is AGreenberg@ergpa.com or Evan Street at (646) 253-0965, his email is EStreet@ergpa.com.
 
 
About ERG Property Advisors
ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, mortgage brokerage and direct capital services. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG’s Retail Division specializes in the disposition of commercial investment real estate property nationally with a focus on freestanding Net-Lease properties. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Through strategic alliances with select companies we are able to offer our clients access to mortgage brokerage, direct capital services and investment sales brokerage. Visit www.ergpa.com for recent deals and press coverage. 
 



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