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Option to Purchase Exercised for Dunkin Donuts
July 21, 2011

The Geenty Group, Realtors, of Branford reports the purchase of 1635 Boston Post Road, Old Saybrook, CT. The Buyer, Dunkin Donuts, was placed there on a remodel to suit by Bill Clark, Senior Vice President, and had a 10 year lease with an option to purchase. This option has now been exercised in the 8th year of the lease, for a purchase price of $650,000.00. The 2,500 SF space was formerly a bar and grill which was converted to a Dunkin Donuts restaurant in 2003. The Landlord/Seller was Stephen J. Berman. Bill Clark was the sole agent in the transaction.

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