Krispy Kreme | Triple Net (NNN) Lease

Highlights:

• New 20 Year Triple Net (NNN) Lease With Zero Landlord Responsibilities
• Corporately Guaranteed By Krispy Kreme Corporation With Over 1,400 Locations in 34 Countries
• Brand New Construction Prototype Building With a Drive-Thru
• Strong Increases – 10% Every 5 Years
• Excellent Demographics – Population of Over 41,437 Residents Making an Average Household Income of $58,309 Within a 3-Mile Radius
• Just Minutes North of the Pensacola International Airport Serving Almost 2 Million Passengers Annually
• Florida is an Income Tax Free State
• Immediate Area Has Experienced a 15% Population Growth and is Projected to Grow Over 7% in the Next 5 Years
• Located on a Signalized Corner Along East Nine Mile Road (Over 37,483 VPD) Which is One of the Busiest Retail Thoroughfares in the City and Connects Santa Rosa and Escambia Counties
• 1-Mile From The University of West Florida With a Student Body of 12,588 Students; UWF Drives Over $1.1 Billion in Revenues For the Regional Economy and Generates Over $703 Million in GDP
• 5-Miles From West Florida Hospital That Features a State-of-the-Art 531 Bed Hospital With a Total Patient Revenue of $2.7 Billion
• Pensacola is One of the Largest Metropolitan Areas in the Gulf Coast Region and Boasts One of the Shortest Average Commute Times in the Country at Only 19 Minutes
• Nearby Tenants Include: Target, Walmart Supercenter, AMC Theaters, Kohl’s, Starbucks, Publix, McDonald’s, Denny’s, Dollar General, Sonic, AutoZone, Planet Fitness, Popeyes, Applebee’s, Whataburger and More

Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale a Newly Constructed Krispy Kreme Located at 1730 E Nine Mile Road in Pensacola, FL. With 19 Years Remaining on a Triple Net (NNN) Lease and Attractive Rent Increases, This Opportunity Provides For a Best-of-Class Investment With Income Growth of an Established Tenant in the Desirable Florida Market.


In Cooperation With SIG RE Services, LLC
Lic. # CQ1055229

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