Tenant: Krispy Kreme | Pensacola, FL
Premises: 2,915 SF
Renewal Options: 3 x 5 Years
Lease Expiration: 10/31/2039
Lease Type: NNN
Rental Increases: 10% Every 5 Years
Sands Investment Group is Pleased to Exclusively Offer the Triple Net Investment Opportunity Located at 1730 E Nine Mile Road in Pensacola, Florida.
In Cooperation With SIG RE Services, LLC – Lic. # CQ1055229
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Krispy Kreme Doughnuts, Inc. is an American doughnut company and coffeehouse chain owned by JAB Holding Company. Krispy Kreme sells a variety of freshly made doughnuts, as well as hand-crafted espresso-based specialty coffee drinks and brewed coffee.
The company is best known for its famous Original Glazed Doughnut, a glazed, yeast-raised doughnut that is Krispy Kreme’s most popular and best-selling product. In the United States, the company’s products are sold in Krispy Kreme stores, as well as through grocery stores, convenience stores, Walmart, Target, and Shaw’s stores. Krispy Kreme doughnuts can be found in approximately 12,000 grocery, convenience, and mass merchant stores in the U.S.
The company has nearly 1,400 retail shops in 34 countries. Krispy Kreme plans to open 45 new locations across the U.S. through 2020. In addition to the new locations the company is also remodeling numerous of its stores. The company is also starting to deliver its delicious donuts to peoples front doors. In order to receive the delivery service, customers have to be near one of the 350 U.S. locations in the 42 states and, in most cases, have to be within a 10 mile of the Krispy Kreme.
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