Historical Retail Sale Listing - Krispy Kreme

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Krispy Kreme

5770 Buford Highway NE, Atlanta, GA 30340

N/A

2,625 SF | Retail

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Retail Property - Off Market

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

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)

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.

Map of 5770 Buford Highway NE, Atlanta, GA 30340 (Dekalb County)

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