Arby's

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.

Broker of Record
Brian Brockman – Broker
License #: 343847
Bang Realty-Tennessee Inc
bor@bangrealty.com
513-898-1551




Long-Term Absolute NNN Corporate Ground Lease | Zero Landlord Responsibilities with approximately 11.8 years remaining on the lease, the Lease feature 10% rental increase each five-year period and 5 five-year renewal options. 
Low Price Point | Opportunity to acquire a corporately guaranteed net lease investment at a low price point.
Premier Leading Tenant | Arby's is an American fast food sandwich restaurant chain with more than 3,600 restaurants worldwide.
Well-placed Drive-Thru Location | located along Wayne Road with a total of 18,980 VPD and a major thoroughfare in Savannah. The site enjoys high visibility due to its substantial street frontage and prominent pylon sign.
Income Tax Free State | Tennessee is an income tax free state.

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