Krispy Kreme NNN Property For Sale — Greensboro, NC
3706 Gate City Blvd., Greensboro, NC 27407
This NNN ground lease investment features a freestanding Krispy Kreme Doughnuts property with a long-term lease in a high-growth area. The asset benefits from strong retail synergy and excellent visibility on Gate City Blvd., a major thoroughfare in Greensboro, NC. The property is strategically located with quick access to I-40 and surrounded by national retailers, ensuring consistent customer traffic. Krispy Kreme Doughnuts, a globally recognized brand with over 1,000 locations, is a strong tenant with significant annual revenues, acquired in 2016 by JAB Holding Co., a prominent investment firm with a diverse portfolio of consumer brands. This offering provides a stable income stream with scheduled rent increases from a well-established tenant.
- Address: 3706 Gate City Blvd., Greensboro, NC 27407
- Asking price $1.40M
- 5.00% cap rate
- NOI $70,000
- 4.3 years remaining
- NNN lease
- Year built: 2015
- Building size: 2,671 SF
- Lot size: 1.06 acres
- Lease expiration: Dec 31, 2030
- Rent increases: 1/1/15-12/31/20: $70,000.00 annuity; 1/1/21-12/31/26: $77,000.00 annuity; 1/1/27-12/31/32: $84,700.00 annuity; 1/1/33-12/31/38: $93,170.00 annuity; …
- Guarantor: Corporate
Location
This Krispy Kreme property is at 3706 Gate City Blvd. in Greensboro, North Carolina.
Asset type: Quick Service Restaurant (QSR)