We are pleased to present this absolute NNN Krispy Kreme Corporate Guaranty property located in Fort Myers, FL. Krispy Kreme is a global doughnut company and coffeehouse chain with 2,100 locations worldwide. The tenant has close to 16 years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The Lease features a 10% rental increase in year 11 & 16, then 8% at the beginning of each option period.
This Krispy Kreme is located along S Cleveland Avenue a major retail and commuter thoroughfare. The site is equipped with a drive-thru, providing ease and convenience for customers. The property is located directly across to Page Field Commons shopping center with national credit tenants such as Trader Joe’s, Marshall, PetSmart and more.
Absolute NNN Lease | Zero Landlord Responsibilities with approximately 16 years remaining on the lease, the Lease features 10% rental increases in year 11 & 16, then 8% at the beginning of each option period.
Global Leading Tenant | Krispy Kreme is a global multinational doughnut company and coffeehouse chain with 2,100 locations worldwide.
Strategically Located Real Estate | Located along S Cleveland Avenue a major retail and commuter thoroughfare averaging 54,000 VPD.
In close proximity to several national credit retailers including Trader’s Joe’s, Sam’s Club, Family Dollar, Advance Auto Parts, McDonald’s, NAPA and Walgreens.
Exceptional Demographics | 63,000+ people live within a 5-mile radius of the Property, with an average household income of $89,000.