NNN Krispy Kreme - Miami FL
STRONG SALES/ ~5% RTS RATIO | 10% increases every 5 yrs
Marketing description
Discover a rare chance to own the Krispy Kreme property at 530 NE. 167th Street. Boasting a mesmerizing 30+ year operating history with 15 years remaining on the lease, this single-tenant absolute NNN investment promises a stable, long-term income stream. Situated in a vibrant retail corridor with exponential growth potential, this prized property benefits from a high-traffic location, with 24,000 VPD and close proximity to major amenities like UHealth SoLé Mia and Greynolds Golf Course. The tenant synergy with Wawa customers drives 10-20% of store sales, indicating a strong market presence. With scheduled rental increases, corporate guarantee, and a landlord-friendly lease structure, this standout opportunity offers a solid 4.70% cap rate with a robust net operating income of $309,900.
Investment highlights
- 15 Years Remaining | Corporate Guaranteed | Options to Extend |Scheduled Rental Increases | Rent to Sales Under 5%
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools & Jackson North Medical
- Near Signalized, Hard Corner Intersection | Florida Turnpike | Interstate 95 | Excellent Visibility & Access
- Strong Demographics in 5-mile Trade Area | Six-Figure Income
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