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Restaurant

Krispy Kreme Ground Lease

504 E Meighan Blvd, Gadsden, AL 35903

Listing Price: $1,450,000

Cap Rate
5.00%
Tenant Name
Krispy Kreme
Years Remaining On Lease
8.6
Guarantor
Corporate Guarantee
Rentable SF
2,671
Lease Type
NNN Ground Lease
Rent Per Square Feet
$27.14

Investment Overview

*Low rent, corporately guaranteed Krispy Kreme Ground Lease with over 8 years remaining located in Gadsden, AL, approximately 60 miles northeast of Birmingham, AL
*Conservative rent of only $72,500 ($27/SF)- increases by 7% on October 1, 2025, and in the 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 1,900 locations in over 30 countries- total revenue of approximately $1.5 billion in 2022
*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 1.5 million annual visitors for the entire center and over 350K visitors for Hobby Lobby
* Adjacent to one of the top Walmart’s in the state of Alabama- over 2.3 million annual visitors- 86th percentile for Alabama (15th out of 102) and 84th percentile in U.S. (600th out of 3,862)
*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 3.4 million annual visitors- 94th percentile for Alabama (8th out of 120) and 88th in U.S. (864th out of 7,456)
*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 35,000 cars/day on E Meighan Boulevard

Investment Highlights

  • Low rent, corporately guaranteed Krispy Kreme Ground Lease with over 8 years remaining located in Gadsden, AL, approximately 60 miles northeast of Birmingham, AL
  • Conservative rent of only $72,500 ($27/SF)- increases by 7% on October 1, 2025, and in the four (4), five (5) year option periods
  • Absolute NNN Ground Lease on over 1.3 acres

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Krispy Kreme Ground Lease

Listing Price: $1,450,000

Cap Rate
5.00%
Tenant Name
Krispy Kreme
Years Remaining On Lease
8.6
Guarantor
Corporate Guarantee
Rentable SF
2,671
Lease Type
NNN Ground Lease
Rent Per Square Feet
$27.14

Investment Highlights

  • Low rent, corporately guaranteed Krispy Kreme Ground Lease with over 8 years remaining located in Gadsden, AL, approximately 60 miles northeast of Birmingham, AL
  • Conservative rent of only $72,500 ($27/SF)- increases by 7% on October 1, 2025, and in the 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 over 8 years remaining located in Gadsden, AL, approximately 60 miles northeast of Birmingham, AL *Conservative rent of only $72,500 ($27/SF)- increases by 7% on October 1, 2025, and in the 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 1,900 locations in over 30 countries- total revenue of approximately $1.5 billion in 2022 *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 1.5 million annual visitors for the entire center and over 350K visitors for Hobby Lobby * Adjacent to one of the top Walmart’s in the state of Alabama- over 2.3 million annual visitors- 86th percentile for Alabama (15th out of 102) and 84th percentile in U.S. (600th out of 3,862) *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 3.4 million annual visitors- 94th percentile for Alabama (8th out of 120) and 88th in U.S. (864th out of 7,456) *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 35,000 cars/day on E Meighan Boulevard

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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