Dunkin' NNN — Key West, FL

Updated November 13, 2026

$2,560,000 · 5.00% CAP · 20 YRS

Key West Dunkin' drive-thru at 3124 North Roosevelt Blvd, Monroe County, about 2,709 square feet on about 0.60 acres. The 1988 building was remodeled in 2026. The ask is $2,560,000, a 5.00% cap on $128,000 of NOI, about $945 per square foot. A new 20-year absolute NNN lease starts at close of escrow, with zero landlord responsibilities, 10% rent bumps every five years, and four 5-year options. HZ Coffee Group, LLC guarantees the lease. That is a franchisee guaranty, from an operator of about 80 units run by The Dhanani Group, and it is not a corporate guaranty. The listing is not a ground lease. The picture is a Dunkin' file photo, not this restaurant. This 5.00% ask is the lowest cap among the 5 Dunkin' listings on the site. Listed in our November 13, 2026 deal list.

Lease Abstract

Price

$2,560,000

Cap rate

5.00% CAP

NOI

$128,000

Base term

20 YRS

Lease type

Absolute NNN

Increases

10% every 5 years

Options

4 x 5-year

Guarantee

Franchisee

Building

2,709 SF

Lot

0.6 AC

Year built

1988

Renovated

2026

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

2,709 SF building, built 1988, renovated 2026, 0.6 acres of land. $945/SF asking, $47.25/SF NOI. Rent increases: 10% every 5 years. Renewal options: 4 x 5-year. Franchisee guarantee.

Location

Key West, Florida — 3124 North Roosevelt Blvd, Key West, FL 33040. Full address and offering memorandum released on request — see our Dunkin' tenant guide and the Florida market page for the underwriting context.