Krispy Kreme Decatur

2533 Wesley Chapel Rd, Decatur, GA 30035

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For Sale

Description

DURABLE CASH FLOW AND FIXED RENT INCREASES
There are currently ±8 years remaining on the corporate guaranteed lease followed by four (4), 5-year renewal options, featuring fixed rent increases every 5 years throughout the base lease term and renewal option periods, providing a future owner with additional cash flow and return on investment, along with hedge against inflation.
PASSIVE OWNERSHIP ASSET EASY TO MANAGE
Tenant operates under an absolute NNN lease with no landlord responsibilities, insulating a buyer from potential increases in capital expenditures and operating expenses.
CORPORATE LEASE GUARANTY
The lease is corporately guaranteed by Krispy Kreme Doughnut Corporation, a publicly traded company (Nasdaq : DNUT) and nationally recognized brand with over 1,400 locations.
INCREASING SYSTEM-WIDE SALES
$1.74 billion in revenue for the TTM ending mid-2024, a steady increase from previous years, $1.7 billion in 2023 and $1.52 billion in 2022.
HUB-AND-SPOKE / FACTORY LOCATION
Annual average net sales of $4.9 million per unit for “hub-and-spoke” locations.
PROVEN LOCATION
Krispy Kreme has ±10 years of successful operating history at this location.
SIGNALIZED HARD CORNER
Strategically positioned at the signalized hard-corner of Wesley Chapel Rd and Snapfinger Wood Dr (±69,000 ADT combined), the property is highly visible and easily accessible, and is in close proximity to I-20 (±194,000 ADT).
E-COMMERCE AND RECESSION-RESISTANT TENANT
QSR properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
TOP RANK ECONOMIC STATE
Rich States, Poor States ranked Georgia as the number 9 state for its economic performance in 2024.

Other

CREXi Listing

Pricing

Financials

Price: $3,400,000
Cap Rate: 5.85%
NOI: $198,763

Property Details

Specs

Building Size: ±2,671 SF
Year Built: 2014
Property Type: Retail

Description

DURABLE CASH FLOW AND FIXED RENT INCREASES
There are currently ±8 years remaining on the corporate guaranteed lease followed by four (4), 5-year renewal options, featuring fixed rent increases every 5 years throughout the base lease term and renewal option periods, providing a future owner with additional cash flow and return on investment, along with hedge against inflation.
PASSIVE OWNERSHIP ASSET EASY TO MANAGE
Tenant operates under an absolute NNN lease with no landlord responsibilities, insulating a buyer from potential increases in capital expenditures and operating expenses.
CORPORATE LEASE GUARANTY
The lease is corporately guaranteed by Krispy Kreme Doughnut Corporation, a publicly traded company (Nasdaq : DNUT) and nationally recognized brand with over 1,400 locations.
INCREASING SYSTEM-WIDE SALES
$1.74 billion in revenue for the TTM ending mid-2024, a steady increase from previous years, $1.7 billion in 2023 and $1.52 billion in 2022.
HUB-AND-SPOKE / FACTORY LOCATION
Annual average net sales of $4.9 million per unit for “hub-and-spoke” locations.
PROVEN LOCATION
Krispy Kreme has ±10 years of successful operating history at this location.
SIGNALIZED HARD CORNER
Strategically positioned at the signalized hard-corner of Wesley Chapel Rd and Snapfinger Wood Dr (±69,000 ADT combined), the property is highly visible and easily accessible, and is in close proximity to I-20 (±194,000 ADT).
E-COMMERCE AND RECESSION-RESISTANT TENANT
QSR properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
TOP RANK ECONOMIC STATE
Rich States, Poor States ranked Georgia as the number 9 state for its economic performance in 2024.