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Restaurant

Krispy Kreme Ground Lease

1090 W Irvington Rd, Tucson, AZ 85714

Listing Price: $2,500,000

Cap Rate
4.50%
Tenant Name
WKS Krispy Kreme, LLC
Years Remaining On Lease
20.3
Gross SF
3,562
Guarantor
Franchisee Guarantee
Rentable SF
3,562
Price/Gross SF
$701.85
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.58

Investment Overview

Headquartered in North Carolina, Krispy Kreme (NASDAQ: DNUT) is one of the most well known sweet treat brands in the world. The iconic Original Glazed®ndoughnut is universally recognized for its hot-off the-line, melt-in-your-mouth experience. Krispy Kreme operates in 30 countries through its unique network of doughnut shops, partnerships with leading retailers, and a rapidly growing e-Commerce and delivery business. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease
  • 10 Percent Rental Increases Every Five Years
  • 205,584 Residents Within a Five-Mile Radius, Growing Tucson Trade Area
  • High-Quality 2021 Build with a Drive-Thru
  • Tenant is a 40-Unit Krispy Kreme Franchisee
  • Excellent Location Across From Tucson Spectrum - a Major Shopping Center with Retailers Including Target, The Home Depot, Harkins Theatres, JCPenney, PetSmart, Michaels, Old Navy, Best Buy, etc.
  • Adjacent to the Interstate-19 Freeway, the Primary Connector for Tucson and Phoenix
  • Strong Daytime Population - Over 211,985 Employees Within a Five-Mile Radius

Exclusively Listed By

Restaurant

Krispy Kreme Ground Lease

Listing Price: $2,500,000

Cap Rate
4.50%
Tenant Name
WKS Krispy Kreme, LLC
Years Remaining On Lease
20.3
Gross SF
3,562
Guarantor
Franchisee Guarantee
Rentable SF
3,562
Price/Gross SF
$701.85
Lease Type
NNN Ground Lease
Rent Per Square Feet
$31.58

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease
  • 10 Percent Rental Increases Every Five Years
  • 205,584 Residents Within a Five-Mile Radius, Growing Tucson Trade Area
  • High-Quality 2021 Build with a Drive-Thru
  • Tenant is a 40-Unit Krispy Kreme Franchisee
  • Excellent Location Across From Tucson Spectrum - a Major Shopping Center with Retailers Including Target, The Home Depot, Harkins Theatres, JCPenney, PetSmart, Michaels, Old Navy, Best Buy, etc.
  • Adjacent to the Interstate-19 Freeway, the Primary Connector for Tucson and Phoenix
  • Strong Daytime Population - Over 211,985 Employees Within a Five-Mile Radius

Investment Overview

Headquartered in North Carolina, Krispy Kreme (NASDAQ: DNUT) is one of the most well known sweet treat brands in the world. The iconic Original Glazed®ndoughnut is universally recognized for its hot-off the-line, melt-in-your-mouth experience. Krispy Kreme operates in 30 countries through its unique network of doughnut shops, partnerships with leading retailers, and a rapidly growing e-Commerce and delivery business. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business.

Exclusively Listed By

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