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Krispy Kreme Doughnut 120 Hwy & 138 Hwy W 5,508 SF 100% Leased Retail Building Stockbridge, GA 30281 $1,662,156 CAD ($301.77 CAD/SF) 5.51% Cap Rate
Investment Highlights
- Below market rent
- 1.04-acre signalized corner parcel at Highway 138 and Daniel Drive, providing excellent visibility and convenient access.
- Ground lease through March 2029, with three 5-year renewal options and 5% rent increases, extending potentially through March 2044.
- Leased to Krispy Kreme Doughnut Corporation, a nationally recognized and established doughnut and coffee brand with a strong retail presence.
- 2,500-square-foot drive-thru restaurant constructed in 2014 and purpose-built for efficient quick-service operations.
- Highly visible Highway 138 location with approximately 39,200 VPD.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,508 SF
Building Class
B
Year Built
2014
Price
$1,662,156 CAD
Price Per SF
$301.77 CAD
Cap Rate
5.51%
NOI
$91,626 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.12
Lot Size
1.04 AC
Zoning
C2
Parking
100 Spaces (10 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0S02-02-011-000 | Improvements Assessment | $248,080 CAD |
| Land Assessment | $251,410 CAD | Total Assessment | $499,489 CAD |
Property Taxes
Parcel Number
0S02-02-011-000
Land Assessment
$251,410 CAD
Improvements Assessment
$248,080 CAD
Total Assessment
$499,489 CAD
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Krispy Kreme Doughnut | 120 Hwy & 138 Hwy W
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