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Restaurant

Krispy Kreme

1651 E Stone Dr, Kingsport, TN 37660

Listing Price: $2,927,000

Cap Rate
5.65%
Tenant Name
Krispy Kreme
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
2,464
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$67.11

Investment Overview

This is a corporately backed Krispy Kreme on a NNN lease with the next rental increase coming in 2024.

Investment Highlights

  • Next 10% rental increase is September 2024.
  • Healthy rent to sales ratio
  • NNN lease with a Coprate Guaranty

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Restaurant

Krispy Kreme

Listing Price: $2,927,000

Cap Rate
5.65%
Tenant Name
Krispy Kreme
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
2,464
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$67.11

Investment Highlights

  • Next 10% rental increase is September 2024.
  • Healthy rent to sales ratio
  • NNN lease with a Coprate Guaranty

Investment Overview

This is a corporately backed Krispy Kreme on a NNN lease with the next rental increase coming in 2024.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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