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Tuesday, February 4, 2014

Krispy Kreme Ground Lease




 Listing Krispy Kreme Ground Lease
Price:$1,227,000
Status:New

Simon Jonna & Group of are pleased to exclusively present for sale this fee simple, corporate backed Krispy Kreme Doughnuts located in Kettering, Ohio. The 1 acre Kroger out parcel is leased on an absolute-net (NNN) ground lease with zero landlord responsibilities. The 3,851-square foot all-brick building is situated on the hard-corner signalized intersection of Dorothy Highway and Delco Park Drive with over 26,000 vehicles per day. There is currently 10.5 years remaining in the primary term with a 7.5 percent increase in 2019 and 10 percent increases every five years thereafter. In addition to the walk-in and drive through business, this location also provides baking and distribution of Krispy Kreme products to the regional grocery and convenience store kiosks. Immediate retailers include Walgreens Pharmacy, Kroger, KFC, Taco Bell, Dollar Tree, PNC Bank, Aldi, Elder Beerman, and Dairy Queen, among others.


Krispy Kreme Ground Lease

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