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Chicago & Midwest  + Chicago + Greater Chicagoland + Illinois  + Hospitality  |  December 28, 2023
Jasmine Kilman
By: Jasmine Kilman

Marcus & Millichap Closes Sale of Newly Constructed Dunkin’

Marcus & Millichap brokered the sale of a 1,901-square-foot Dunkin’ location with a double drive-thru in Kankakee, Illinois. The popular destination for coffee and donut lovers is a net-leased property located at 454 Riverstone Parkway.

The asset went contract to close in 49 days, for 96 percent of the list price at $1,648,000. Marcus & Millichap’s Austin Weisenbeck, Sean Sharko, and Benjamin Shapiro, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an individual/personal trust, was unrepresented.

The Dunkin’ was a relocation from a previously successful location into a 2023 construction with a double drive-thru. The Dunkin’ has a triple-net, 10-year lease with an experienced operator with 28 Dunkin’ units in the greater Chicagoland area. It is positioned within the Riverstone Parkway, an 80-acre development with major retailers like Walmart Supercenter, Tractor Supply Co., Hilton Garden Inn, and ALDI.

Read More News Stories About: Marcus & Millichap
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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