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Restaurant

High Profile Flagship Krispy Kreme w/ Dr-Thru | Charlotte MSA | Long Term Absolute Net Ground Lease

8018 Concord Mills Boulevard, Concord (Charlotte MSA), NC 28027

Listing Price: $5,913,978

Cap Rate
4.65%
Tenant Name
Krispy Kreme
Years Remaining On Lease
18.3
Gross SF
4,945
Guarantor
Corporate Guarantee
Rentable SF
4,945
Price/Gross SF
$1,195.95
Lease Type
NNN Ground Lease
Rent Per Square Feet
$55.61

Investment Overview

The City of Concord is the county seat and the largest city in Cabarrus County, North Carolina. It is the second largest city in the Charlotte Metropolitan Area and is the home to some of North Carolina’s top tourist destinations, including NASCAR’s Charlotte Motor Speedway and Concord Mills, a 1.4 million square foot shopping mall. Interstate 85 links Concord directly to Greensboro to the northeast and Charlotte to the southwest. In 2015, Concord was ranked as the city with the 16th fastest growing economy in the United States and was a winner of the All-America City Award in 2004. Charlotte is the most populous city in the U.S. state of North Carolina and one of the fastest growing major city in the united states. In 2017, the U.S. Census Bureau estimated the population was 859,035, making it the 17th-most populous city in the United States. The Charlotte MSA is part of a sixteen-county market region or combined statistical area with a 2016 census estimated population of 2,632,249.

Investment Highlights

  • Flagship Location - Corp. Long Term Absolute Net Ground Lease Feat. 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2019 New Prototype High Quality Construction w/ Dr-Thru.
  • Positioned Along Area's Major Retail & Traffic Corridor - Features Easy Access & Excellent Visibility with *Daily Traffic Counts Exceeding 45k Vehicles. Immediate Access to/from I-85 (160k+ VPD).
  • JAB Holding (Krispy Kreme's Parent Company) owns some of the Most Famous Chains in the World and has a Net Worth of Approximately $22.7 Billion.
  • High Volume and One of the Most Visited Location per Placer.ai: **Ranked Top 2% in the Chain. This Location is also Ranked Top 15 within 15 Miles of all QSR Brands.
  • Minutes from Charlotte Motor Speedway - A Motorsports Complex that hosts NASCAR Racings and the Prestigious Coca-Cola 600. Regional Economic Impact of $450M and more than 140k Visitors Annually.
  • Across from Concord Mills - North Carolina's Largest Outlet and Retail Shopping Center. The Shopping Center consists of 1.4M+ Sq.Ft. and features more than 200 Stores.
  • Within Pavilion at King's Grant - A 20+ Store Regional Power Center Anchored by a Ross, Michael, TJMaxx & HomeGoods. This Krispy Kreme is in Close Proximity to the Krispy Kreme Headquarters. Near Concord-Padgett Regional Airport.
  • Surrounded by Numerous National Retailers including a Walmart Supercenter, Lowe's, Academy Sports, Lidl, Kohl's, AtHome and many more. Densely Populated and Affluent Area: Features an Average Household Income of more than $109k within a 3-Mile Radius and over 136k People Residing within a 5-Mile Radius.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

Restaurant

High Profile Flagship Krispy Kreme w/ Dr-Thru | Charlotte MSA | Long Term Absolute Net Ground Lease

Listing Price: $5,913,978

Cap Rate
4.65%
Tenant Name
Krispy Kreme
Years Remaining On Lease
18.3
Gross SF
4,945
Guarantor
Corporate Guarantee
Rentable SF
4,945
Price/Gross SF
$1,195.95
Lease Type
NNN Ground Lease
Rent Per Square Feet
$55.61

Investment Highlights

  • Flagship Location - Corp. Long Term Absolute Net Ground Lease Feat. 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2019 New Prototype High Quality Construction w/ Dr-Thru.
  • Positioned Along Area's Major Retail & Traffic Corridor - Features Easy Access & Excellent Visibility with *Daily Traffic Counts Exceeding 45k Vehicles. Immediate Access to/from I-85 (160k+ VPD).
  • JAB Holding (Krispy Kreme's Parent Company) owns some of the Most Famous Chains in the World and has a Net Worth of Approximately $22.7 Billion.
  • High Volume and One of the Most Visited Location per Placer.ai: **Ranked Top 2% in the Chain. This Location is also Ranked Top 15 within 15 Miles of all QSR Brands.
  • Minutes from Charlotte Motor Speedway - A Motorsports Complex that hosts NASCAR Racings and the Prestigious Coca-Cola 600. Regional Economic Impact of $450M and more than 140k Visitors Annually.
  • Across from Concord Mills - North Carolina's Largest Outlet and Retail Shopping Center. The Shopping Center consists of 1.4M+ Sq.Ft. and features more than 200 Stores.
  • Within Pavilion at King's Grant - A 20+ Store Regional Power Center Anchored by a Ross, Michael, TJMaxx & HomeGoods. This Krispy Kreme is in Close Proximity to the Krispy Kreme Headquarters. Near Concord-Padgett Regional Airport.
  • Surrounded by Numerous National Retailers including a Walmart Supercenter, Lowe's, Academy Sports, Lidl, Kohl's, AtHome and many more. Densely Populated and Affluent Area: Features an Average Household Income of more than $109k within a 3-Mile Radius and over 136k People Residing within a 5-Mile Radius.

Investment Overview

The City of Concord is the county seat and the largest city in Cabarrus County, North Carolina. It is the second largest city in the Charlotte Metropolitan Area and is the home to some of North Carolina’s top tourist destinations, including NASCAR’s Charlotte Motor Speedway and Concord Mills, a 1.4 million square foot shopping mall. Interstate 85 links Concord directly to Greensboro to the northeast and Charlotte to the southwest. In 2015, Concord was ranked as the city with the 16th fastest growing economy in the United States and was a winner of the All-America City Award in 2004. Charlotte is the most populous city in the U.S. state of North Carolina and one of the fastest growing major city in the united states. In 2017, the U.S. Census Bureau estimated the population was 859,035, making it the 17th-most populous city in the United States. The Charlotte MSA is part of a sixteen-county market region or combined statistical area with a 2016 census estimated population of 2,632,249.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

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