For Sale
$3,975,000

2533 Wesley Chapel RdDecatur, GA 30035

High-yield, corporate-guaranteed lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, absolute NNN ground lease with Krispy Kreme Doughnut Corporation, a publicly traded company (Nasdaq: DNUT). The 2,671 square foot property, built in 2014, is located at a signalized hard corner in Decatur, Georgia (2533 Wesley Chapel Rd, 30035), boasting high visibility and accessibility with approximately 69,000 ADT combined on Wesley Chapel Rd and Snapfinger Wood Dr, and close proximity to I-20 (approximately 194,000 ADT). The lease, commencing December 9, 2014, and expiring December 8, 2034, has over 10 years remaining, followed by four (4) five-year renewal options. Rent increases of 6% every five years provide a hedge against inflation and enhance long-term returns. The property features 19 parking spaces and sits on a 0.65-acre lot, zoned C-1. The current NOI is $198,763, resulting in a 5.00% cap rate and a price per square foot of $1,488.21. The asking price is $3,975,000. This passive ownership asset offers durable cash flow and minimal landlord responsibilities, making it an attractive investment in a recession-resistant sector. Krispy Kreme's strong financial performance, with over $1.74 billion in revenue for the trailing twelve months ending mid-2024, further strengthens this investment's appeal. The location benefits from Krispy Kreme's approximately 10 years of successful operation at this site and its "hub-and-spoke" model, with annual average net sales of $4.9 million per unit for such locations. Georgia's strong economic performance, ranked 9th in 2024 by Rich States, Poor States, adds to the investment's overall attractiveness.

Highlights

  • Over 10 years remaining on a corporate-guaranteed lease with four, five-year renewal options; 6% rent increases every five years.
  • Absolute NNN lease; no landlord responsibilities.
  • Corporate guarantee from Krispy Kreme Doughnut Corporation (Nasdaq: DNUT).
  • Krispy Kreme's trailing twelve-month revenue exceeds $1.74 billion.
  • High-performing "hub-and-spoke" location; average annual net sales of $4.9 million.
  • Krispy Kreme has operated successfully at this location for approximately 10 years.

Property Details for 2533 Wesley Chapel Rd

Property type
Retail properties
Square Feet
2,671 SF
Year Built
2014
Lot Size (sq. ft)
28,314 SF

Location Insight

City
Decatur
County
Dekalb
State
Georgia
Latitude
33.714532799399
Longitude
-84.216315559985
2533 Wesley Chapel Rd, Decatur, Georgia

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2533 Wesley Chapel Rd
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