- For Sale $7,000,000
- Property Type Retail
- Property Size 3,576 SF
- Lot Size 0.58 SF
- Year Built 2019
- Date Updated Apr 30, 2024
The offering presents an exclusive opportunity to acquire a premier Krispy Kreme retail property located at 530 NE 167th Street, Miami Florida, 33162. This property boasts the highest performance among all Krispy Kreme locations in Florida, according to Placer.ai. The lease is corporate guaranteed by Krispy Kreme Doughnut Corporation, providing investors with a secure income stream. Krispy Kreme’s recent partnership with McDonald’s, coupled with favorable lease terms and rental escalations, makes this investment highly desirable within Miami’s thriving commercial real estate market.
This absolute net lease investment generates a robust Net Operating Income (NOI) of $309,900 annually, providing an attractive yield for investors. The property comprises 3,576 square feet situated on 0.58 acres, constructed in 2019 with state-of-the-art features including a drive-thru lane, ensuring convenience and customer satisfaction. The current term expires January 2041, with four 5-year options to extend their lease term, and includes 10% rent increases in 2031 and 2036, along with four 5-year extension options featuring 8% rental increases.
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Attachments
False
Contacts
Ron Schultz
Location
Getting Around
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Walk Score ®
85/100 Very Walkable -
Transit Score ®
45/100 Some Transit -
Bike Score ®
50/100 Bikeable
- City Miami, FL
- Neighborhood Fulford Highlands
- Zip Code 33162
- Market Miami
Points of Interest
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Golden Glades
1.78 miles
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Opa-Locka
4.42 miles
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Hollywood
5.97 miles
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Northside
6.79 miles
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Miami
6.91 miles
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Metrorail Transfer
7.15 miles
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Tri-Rail Transfer
7.20 miles
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Sheridan Street
7.30 miles
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Dr. Martin Luther King, Jr.
7.37 miles
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Brownsville
8.00 miles
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Chevron
0.10 miles
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Marathon
0.31 miles
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Murphy USA
0.54 miles
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North Miami Beach Gas Station
0.57 miles
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U-GAS
0.66 miles
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Chevron
0.70 miles
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7-Eleven
0.79 miles
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Speedway
0.90 miles
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Exxon
1.15 miles
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Shell
1.15 miles
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AC2 Loading Area Parking Lot
3.29 miles
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Bayview Parking Lot
3.37 miles
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AQRC Parking Lot
3.45 miles
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Municipal Parking - 175 Terrace Lot
4.22 miles
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Pier Park Lot
4.23 miles
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Miramar Towne Center
4.31 miles
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Miramar Shopping Center
4.37 miles
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Opa-Locka Park and Ride
4.44 miles
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Brown Lot
4.47 miles
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Green Lot
4.56 miles
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Taco Bell
0.08 miles
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Chick-fil-A
0.39 miles
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McDonald's
0.40 miles
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Chipotle
0.45 miles
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Dunkin'
0.45 miles
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Smoothie King
0.52 miles
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Popeyes
0.61 miles
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IHOP
0.74 miles
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Siam Square Thai & Sushi bar
0.74 miles
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Panda Express
1.09 miles
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ALDI
0.24 miles
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Uleta Plaza
0.28 miles
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Marshalls
0.45 miles
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Publix
0.48 miles
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Marshalls
0.92 miles
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Ross
1.02 miles
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Walmart Supercenter
1.12 miles
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Walmart Supercenter
1.24 miles
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TJ Maxx
1.76 miles
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Skylake Mall
1.81 miles
Frequently Asked Questions
What is the lease rate for #1 Location in FL | Absolute NNN | Long Lease Term?
Rental asking rate at #1 Location in FL | Absolute NNN | Long Lease Term is $3,500,000.00/YR.
What is the total square footage of #1 Location in FL | Absolute NNN | Long Lease Term?
#1 Location in FL | Absolute NNN | Long Lease Term totals 3,576 square feet.
When was this property built?
#1 Location in FL | Absolute NNN | Long Lease Term was built in 2019.
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