120 Hwy & 138 Hwy W - Retail FOR SALE


Stockbridge, GA 30281
$1,200,000 USD
404-812-8925
120 Hwy & 138 Hwy W, Stockbridge, GA for Sale
$1,200,000 USD
Retail - FOR SALE
1/11
null | 5.51% Cap Rate

120 Hwy & 138 Hwy W
Stockbridge, GA 30281


HIGHLIGHTS

  • Below market rent
  • Leased to Krispy Kreme Doughnut Corporation, a nationally recognized and established doughnut and coffee brand with a strong retail presence.
  • 1.04-acre signalized corner parcel at Highway 138 and Daniel Drive, providing excellent visibility and convenient access.
  • 2,500-square-foot drive-thru restaurant constructed in 2014 and purpose-built for efficient quick-service operations.
  • Ground lease through March 2029, with three 5-year renewal options and 5% rent increases, extending potentially through March 2044.
  • Highly visible Highway 138 location with approximately 39,200 VPD.

OVERVIEW

120 GA-138 is a freestanding Krispy Kreme Doughnut Shop developed in 2014 as a purpose-built drive-thru restaurant. The property occupies a signalized corner site at Highway 138 and Daniel Drive and has operated continuously under the Krispy Kreme brand. The property is subject to a long-term Absolute NNN ground lease, providing a passive ownership structure with minimal landlord responsibilities and contractual rental growth. The established corporate tenancy and purpose-built improvements provide a stable foundation for continued restaurant operations.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

5.51%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Krispy Kreme Doughnut

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

C2

APN/PARCEL ID

0S02-02-011-000

ASK ABOUT THIS PROPERTY

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.