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1611 Opelika Road - Krispy Kreme, Auburn, AL

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1611 Opelika Road - Krispy Kreme

Auburn, AL 36830-2803 - Lee County Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:2016
Building Size:2,738 SF Land Area:.71 AC (30,871 SF)
For Sale Price:$1,473,684 Price/SF:$538.23
Cap Rate:4.75 %
Parking:45 Surface spaces are available

Sale Notes:
Stan Johnson Company is pleased to offer to qualified investors, a brand new ground lease retail property which is 100% leased to Krispy Kreme Doughnuts, Inc. in Auburn, Alabama.

Krispy Kreme is operating under a brand new fifteen (15) year ground lease, with commenced May 2016 and features three (3), five (5) year renewal options and 10% rental increases during the primary term and option periods. The Absolute NNN lease structure provides zero landlord responsibilities throughout the base lease or option periods. The Property features a 3,050-square-foot building on .69 acres with brand new 2016 construction. It is situated at the entrance to the Auburn Mall with traffic counts exceeding 29,000 VPD.

As of December 31, 2015, Krispy Kreme Doughnuts, Inc. (NYSE: KKD) reported total revenue of more than $518 million, net income of $32 million and a net worth in excess of $265 million. Krispy Kreme is currently being acquired by JAB Beech, a subsidiary of JAB Holdings Company for $1.35 billion. This will allow the company to become private again and add additional capital to the business, while implementing new growth strategies.

Stan Johnson Company
Anne M Perrault
(918) 494-2690

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