6414 O St
Lincoln, NE 68510
Krispy Kreme: Long Term Absolute NNN Lse · Retail Property For Sale

Krispy Kreme has over 15 years remaining on an initial 20-year Absolute NNN ground lease with attractive 7.50% rental escalations every 5 years and four 5-year renewal options. The tenant, Rion, LLC is a privately held company currently operating 4 Krispy Kreme locations along with 14 Arby’s & 7 Famous Dave’s restaurants across 5 states. This asset has two personal guarantees as a seasoned multi-unit franchisee with strong balance sheet (ask broker for details) and has been successfully open and operating since 2015 with an attractive 6.90% rent-to-sales ratio! The tenant at this location invested over $1,000,000 into the building alone! Krispy Kreme is located in Lincoln, Nebraska at an infill location on coveted O Street as well as in a dense retail corridor with shopping center holding over 70 specialty retailers. Nearby retailers include: Whole Foods, Kohl’s, Target, T.J. Maxx, Office Depot, Staples, Petco, Big Lots, Barnes & Noble, JOANN Fabrics, Best Buy, Dollar Tree, Dollar General, Hy-Vee, ALDI, etc. The subject location is just 2 miles from Southeast Community College (enrollment of 7,494), 5 miles from University of Nebraska – Lincoln (enrollment of 25,820), and less than one mile from CHI Health St. Elizabeth (260 beds).