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Restaurant

Krispy Kreme

7783 Tylersville Rd, West Chester, OH 45069

Listing Price: $1,647,000

Cap Rate
4.25%
Tenant Name
Krispy Kreme
Years Remaining On Lease
13.6
Gross SF
3,596
Guarantor
Corporate Guarantee
Rentable SF
3,596
Price/Gross SF
$458.01
Lease Type
NNN Ground Lease
Rent Per Square Feet
$19.47

Investment Overview

Marcus & Millichap is pleased to present to market the Krispy Kreme located at 7783 Tylersville Road in West Chester, Ohio. This new construction 2021 store is on a corporate-backed 15-year absolute NNN ground lease with three five-year options and five percent rent increases every five years. These highly desirable lease terms, zero landlord responsibility, excellent retail location and corporate guarantee from a strong national credit tenant make this a great investment opportunity.

Investment Highlights

  • 2021 Construction Krispy Kreme with a drive-thru
  • Attractive corporate-backed 15-year NNN ground lease with 3 5-year options and rent increases every 5 years
  • Located along a major thoroughfare with traf?c volume exceeding 37,000 VPD and less than a half-mile to both Interstate 75 (VPD: 104,000+) and the UC Health West Chester Hospital (1,600+ employees)
  • Zero landlord responsibilities
  • Surrounded by national tenants that include Big Lots, Raising Cane, Kroger, Chipotle, Panda Express, Taco Bell, Starbucks, Walgreens, McDonald's, Target, and numerous others

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Listing Price: $1,647,000

Cap Rate
4.25%
Tenant Name
Krispy Kreme
Years Remaining On Lease
13.6
Gross SF
3,596
Guarantor
Corporate Guarantee
Rentable SF
3,596
Price/Gross SF
$458.01
Lease Type
NNN Ground Lease
Rent Per Square Feet
$19.47

Investment Highlights

  • 2021 Construction Krispy Kreme with a drive-thru
  • Attractive corporate-backed 15-year NNN ground lease with 3 5-year options and rent increases every 5 years
  • Located along a major thoroughfare with traf?c volume exceeding 37,000 VPD and less than a half-mile to both Interstate 75 (VPD: 104,000+) and the UC Health West Chester Hospital (1,600+ employees)
  • Zero landlord responsibilities
  • Surrounded by national tenants that include Big Lots, Raising Cane, Kroger, Chipotle, Panda Express, Taco Bell, Starbucks, Walgreens, McDonald's, Target, and numerous others

Investment Overview

Marcus & Millichap is pleased to present to market the Krispy Kreme located at 7783 Tylersville Road in West Chester, Ohio. This new construction 2021 store is on a corporate-backed 15-year absolute NNN ground lease with three five-year options and five percent rent increases every five years. These highly desirable lease terms, zero landlord responsibility, excellent retail location and corporate guarantee from a strong national credit tenant make this a great investment opportunity.

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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