INVESTMENT SUMMARY
4904 S Cleveland Avenue Fort Myers, FL 33907
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TypeSingle Tenant
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Price$4,326,000
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CAP Rate5.00%
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NOI$216,300
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Building Size3,227 SF
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Lease Term15.9 Years
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StatusAVAILABLE
CONTACT BROKER
Paul Z. Matysek, CCIM
T: 310.405.0902 paul@matysekinvestment.com
BROKER OF RECORD
Brian Brockman – Broker
License #: BK3327646
Bang Realty-Naples, Inc
bor@bangrealty.com
513.898-.551
KRISPY KREME
Long Term Corporate Guaranty Absolute NNN Lease
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.