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Krispy Kreme

Long Term Corporate Guaranty Absolute NNN Lease

Listing Contacts

Active

Asking Price: $4,326,000
Listing Broker NameBrian Brockman
Brokerage NameBang Realty-Naples, Inc
Address 

4904 S Cleveland Ave, Fort Myers, FL 33907

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Date Added
Feb 13, 2025
Days on Market
33 days
Time Since Last Update
33 days

Details

Property TypeRetail
SubtypeQSR/Fast Food
Investment TypeNet Lease
Investment Sub TypeSingle Tenant NNN Corporate Guaranty
Lease TypeAbsolute NNN
Tenant CreditCorporate Guarantee
TenancySingle
Brand/TenantKrispy Kreme
Lease Term20 years
Lease Commencement01/18/2021
Lease Expiration01/17/2041
Remaining Term15.8 years
Square Footage3,227
Cap Rate5.00%
Occupancy100%
NOI$216,300
Year Built2018
ZoningC1
Lot Size (sq ft)47,742
Rent Bumps10% Lease Year 11 & 16
Broker Co-OpYes
APN02-45-24-P3-32000.0010
Lease OptionsFour 5-Year
OwnershipFee Simple

Marketing Description

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.​

Investment Highlights

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.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$216,300.00
$18,025.00/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Broker Name
Brian Brockman
Broker License
BK3327646
Brokerage Name
Bang Realty-Naples, Inc
Broker Title
Broker
Brokerage Phone
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