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Restaurant

Krispy Kreme Ground Lease

504 E Meighan Blvd, Gadsden, AL 35903

Listing Price: $1,375,000

Cap Rate
5.65%
Tenant Name
Krispy Kreme
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
2,671
Lease Type
NNN Ground Lease
Rent Per Square Feet
$29.02

Investment Overview

* Low rent, corporately guaranteed Krispy Kreme Ground Lease with approximately 7 years remaining located in Gadsden, AL, approximately 60 miles northeast of Birmingham, AL
* Conservative rent of only $77,500 ($29.02/SF) with four (4), five (5) year option periods
* Absolute NNN Ground Lease on over 1.3 acres
* 2,671 SF state of the art construction built in 2015 with a drive-thru
* Krispy Kreme, Inc. was founded in 1937 and has over 2,200 locations in over 40 countries- total revenue of approximately $1.66 billion in 2024
* Adjacent to a 3M SF Takkion Clean Energy Plant that will be used as a storage and handling hub for solar panels and other devices that will be distributed to clean energy projects across the U.S.
* Takkion is an industry leading global renewal energy logistics company based in Wyoming- the new operation will put Gadsden in the center of distribution for the entire renewable energy industry throughout the Southeast
* Located in the main retail corridor of Gadsden as an outparcel to River Trace shopping center- anchored by Hobby Lobby, Ross, Five Below, and Shoe Carnival- over 1.9 million annual visitors for the entire
center and over 408K visitors for Hobby Lobby
* Adjacent to one of the top Walmart’s in the state of Alabama- over 2.7 million annual visitors- 86th percentile for Alabama (15th out of 102) and 79th percentile in U.S. (810th out of 3,883)
* Approximately 1 mile from Gadsden Regional Medical Center- 346-bed hospital with over 2,000 healthcare professionals
* Located near Coosa Town Center- anchored by T.J.Maxx, Old Navy, and Bealls- over 3.9 million annual visitors- 90th percentile for Alabama (12th out of 115) and 81st in U.S. (1,360th out of 7,219)
* Dense retail corridor with national tenants such as: Aldi, Walgreens, Popeye’s, Arby’s, Burger King, Panda Express, Panera, Captain D’s, Dairy Queen, and Taco Bell
* Over 37,000 cars/day on E Meighan Boulevard

Investment Highlights

  • Low rent, corporately guaranteed Krispy Kreme Ground Lease with almost 7 years remaining located in Gadsden, AL, approximately 60 miles northeast of Birmingham, AL
  • Conservative rent of only $77,500 ($29.02/SF) with four (4), five (5) year option periods
  • Absolute NNN Ground Lease on over 1.3 acres

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Restaurant

Krispy Kreme Ground Lease

Listing Price: $1,375,000

Cap Rate
5.65%
Tenant Name
Krispy Kreme
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
2,671
Lease Type
NNN Ground Lease
Rent Per Square Feet
$29.02

Investment Highlights

  • Low rent, corporately guaranteed Krispy Kreme Ground Lease with almost 7 years remaining located in Gadsden, AL, approximately 60 miles northeast of Birmingham, AL
  • Conservative rent of only $77,500 ($29.02/SF) with four (4), five (5) year option periods
  • Absolute NNN Ground Lease on over 1.3 acres

Investment Overview

* Low rent, corporately guaranteed Krispy Kreme Ground Lease with approximately 7 years remaining located in Gadsden, AL, approximately 60 miles northeast of Birmingham, AL * Conservative rent of only $77,500 ($29.02/SF) with four (4), five (5) year option periods * Absolute NNN Ground Lease on over 1.3 acres * 2,671 SF state of the art construction built in 2015 with a drive-thru * Krispy Kreme, Inc. was founded in 1937 and has over 2,200 locations in over 40 countries- total revenue of approximately $1.66 billion in 2024 * Adjacent to a 3M SF Takkion Clean Energy Plant that will be used as a storage and handling hub for solar panels and other devices that will be distributed to clean energy projects across the U.S. * Takkion is an industry leading global renewal energy logistics company based in Wyoming- the new operation will put Gadsden in the center of distribution for the entire renewable energy industry throughout the Southeast * Located in the main retail corridor of Gadsden as an outparcel to River Trace shopping center- anchored by Hobby Lobby, Ross, Five Below, and Shoe Carnival- over 1.9 million annual visitors for the entire center and over 408K visitors for Hobby Lobby * Adjacent to one of the top Walmart’s in the state of Alabama- over 2.7 million annual visitors- 86th percentile for Alabama (15th out of 102) and 79th percentile in U.S. (810th out of 3,883) * Approximately 1 mile from Gadsden Regional Medical Center- 346-bed hospital with over 2,000 healthcare professionals * Located near Coosa Town Center- anchored by T.J.Maxx, Old Navy, and Bealls- over 3.9 million annual visitors- 90th percentile for Alabama (12th out of 115) and 81st in U.S. (1,360th out of 7,219) * Dense retail corridor with national tenants such as: Aldi, Walgreens, Popeye’s, Arby’s, Burger King, Panda Express, Panera, Captain D’s, Dairy Queen, and Taco Bell * Over 37,000 cars/day on E Meighan Boulevard

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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