This Retail Property is Off-Market.

5770 Buford Highway NE
Atlanta, GA 30340 ·

2,625 SF · Retail For Sale

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Krispy Kreme

Price N/A Cap Rate 5.25%
Building Size 2,625 SF Tenancy Single
Property Type Retail Property on Ground Lease? Yes
Property Sub-type
Restaurant
More...
  • Free Standing Bldg
  • Retail (Other)
  • Retail Pad
Year Built 2013
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 0.62 AC
Construction Status Under Construction/Proposed
Listing ID: 18287209 Date Created: 07/30/2013 Last Updated: 01/02/2014

Description

Marcus & Millichap is pleased to present the Krispy Kreme in Doraville (DeKalb County), GA. Doraville Plaza is located in the dense Atlanta submarket of Doraville (DeKalb County) and is positioned less than .25 miles north of Atlanta' s Busiest Interstate 285 on one of Atlanta' s busiest roads, Buford Highway. With easy access to the I-85/285 Interchange and the state' s second busiest airport (Peachtree DeKalb Airport). The property further benefits from sitting at a signalized intersection in front of a fully leased Burlington Anchored Shopping Center with neighboring outparcels including Wells Fargo, Chick-Fil-A, and McDonald' s. Also advantageous to this property is Doraville' s close proximity to Atlanta, its MARTA Station, promise of new development, and high population of over 250,000 people within a five mile ring.

The subject is a brand new Krispy Kreme that is currently under construction and scheduled for completion in September 2013. Krispy Kreme entered into a 15-Year Ground Lease with three, five-year option periods extending the possible term to 30 years. There is a 5 percent rent bump every five years during the initial lease term and at the beginning of each of the three, five-year options. There are zero landlord responsibilities and the tenant maintains taxes, insurance, maintenance, roof and structure. The tenant will occupy a 2,625+/- square foot building and sits on 0.62 acres of land.

Highlights

  • Newly Signed 15-Year Corporate Guaranteed Krispy Kreme Ground Lease
  • 5% Bumps Every 5-Years During Initial Lease Term and Each of Three, 5-Year Options
  • Brand New 2013 Construction | Absolute Net Ground Lease | Zero Landlord Responsibility
  • Well Located Outparcel on busy Buford Hwy (ADTC Exceed 35,000)
  • Close proximity to Atlanta with Easy Access to I-85/285 Interchange | Located less than 3 miles away from Dekalb-Peachtree Airport (2nd Largest in GA)
  • High Population Area (5 Mile: 250,229)

Research

5770 Buford Highway NE, Atlanta, GA 30340 (DeKalb County)

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