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INVESTMENT HIGHLIGHTS
LEASE TERM: Krispy Kreme has 15+ years remaining on its Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 10% rent increases every five years throughout the primary lease term and 8% rent increases at the start of each renewal option, providing a steady increase in income and an attractive hedge against inflation.
CORPORATE OPERATOR: This is a corporate location, Krispy Kreme is one of the most beloved and well-known sweet treat brands in the world. Krispy Kreme operates in more than 40 countries through its unique network of fresh doughnut shops, partnerships with leading retailers, and a rapidly growing digital business. Krispy Kreme has approximately 350 brick & mortar locations in the U.S. and more than 12,800 points of access worldwide.
STRATEGIC RETAIL LOCATION: Krispy Kreme enjoys an outstanding location along S Cleveland Avenue (US Route 41), the area’s primary commercial and commuter corridor. The Property is convenient to SR 884 (0.6 miles), SR 739 and SR 867 (1.9 miles), and Interstate 75 (5 miles). Krispy Kreme is seconds from Page Field (Airport) and 3 miles from Downtown Fort Myers, Florida Southwestern State College and Florida Gulf Coast University. The Location also benefits from proximity to the shoreline and area beaches and Southwest Florida International Airport.
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