Corporate Guaranteed Krispy Kreme | Brand New 20-Yr Lease | Jacksonville, FL

Investment Highlights

Price: $1,612,000 - Cap Rate: 4.90%

• Brand new 20-year ground lease, with 4 (10-year) options to extend
• Corporate guaranty from public company NYSE:KKD
• 10% increases every 5 years through base term & options
• Drive-thru concept
• Ground lease/intrinsic value/below market rent
• Located on University Boulevard West, off the on / off ramp of Interstate 95 - major thoroughfare serving Jacksonville (111,500 VPD)

Additional Tags:

NNN,  donuts, Single Tenant Property, Dunkin' Donuts, off market triple net, drive-in, real estate