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.
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.
