Indianapolis, IN, February 5th, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of Dunkin’, a 2,100-square-foot property located at 8134 Southport Road, Indianapolis, IN, according to Tim Stephenson, regional manager of the firm’s Philadelphia office. The asset sold for $2,133,000.
Derrick Dougherty, investment specialist in Marcus & Millichap’s Philadelphia office, had the opportunity to represent the buyer, a private investor and dentist by trade looking for a management free property with passive income.
“Coffee remains one of the strongest investment categories, with 67% of adults consuming it daily making this a highly desirable opportunity,” said Derrick Dougherty. Located within a densely populated area of over 47,000 residents and boasting an average household income of $132,000 within a three-mile radius, the property offers significant growth potential.
“The purchaser acquired this well-positioned property strategically near a high-traffic intersection and a Kroger-anchored center, this Dunkin' benefits from exceptional visibility, strong national co-tenancy, and a built-in customer base,” said Derrick Dougherty. Further enhancing its appeal, the property is adjacent to a high school with nearly 3,300 students, providing a steady stream of potential customers year-round.
Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
Comments