Krispy Kreme 980 W. International Speedway Boulevard, Daytona Beach, FL Cap Rate 5.25%

Cap Rate: 5.25%
NOI: $110,000
Building Size: 2,890 sqft
Occupancy: 100%
Year Built: 1962

Price: 2,095,000 USD

DESCRIPTION
• The lease is corporate guaranteed by Krispy Kreme Doughnut Corporation, nationally recognized, and an established doughnut company and coffeehouse chain with over 1,400 locations
• Brand new 10-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 5% rental increases every 5 years and at the beginning of each option period, generating NOI and hedging against inflation
• Tenant pays for CAM, taxes, insurance and maintains most aspects of the premises
• Landlord responsibilities limited to structure of the premises and utility connections
• Investor benefits from fee-simple ownership of the land and the building
• Ideal management-free investment for a passive investor in a state with no state income tax

• Krispy Kreme is strategically located at the signalized, hard corner intersection of W. International Speedway Boulevard and N. Nova Road, averaging a combined 79,000 vehicles passing by daily
• The asset is positioned within a dense retail corridor with surrounding national/credit tenants such as Dollar Tree, Goodwill, O’Reilly Auto Parts, Bank of America, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site
• Less than 2 miles east of the world-famous Daytona International Speedway, hosting the Daytona 500 and other events, with a capacity of 168,000 attendees
• Extremely close proximity to Daytona International Airport, which averages 679,000 annual passengers
• More than 128,700 residents and 81,500 employees support the trade area
• Features an average household income of $55,597

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
# ID de Propiedad: 358038156
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