Krispy Kreme Ground Lease   |  3706 Gate City Blvd.   |   2,671 sf

  • TO LEARN MORE ABOUT THIS PROPERTY, CONTACT:

    Jason Williams at jason@ltpcommercial.com

    This property is located in a prime retail and restaurant area in Greensboro, NC with high visibility and quick access to I-40. New Construction on 1.06 acres. There is an abundance of shops, restaurants, and hotels are located along the Gate City Blvd. corridor. Conveniently located at Exit 217 on I-40, Gate City Blvd. is easily accessible from many areas. Both the Koury Convention Center and Greensboro Coliseum Complex are located along the road, bringing many non-residents to the bustling area. Krispy Kreme Doughnuts operates a leading chain of doughnut outlets with 1,000+ locations throughout the US and in approximately 25 other countries. The shops are popular for their glazed doughnuts that are served fresh and “Hot Now” out of the fryer. Krispy Kreme also markets its doughnuts through grocery stores and supermarkets.

     

     
    Address:3706 Gate City Blvd.
    City:Greensboro
    Zip:27407
    Avail sf ± 2,671
    Lease TypeAbsolute NNN Ground Lease
    Price$1,400,000
  • Aerial Map
    Aerial Photo
  • PROPERTY DETAILS

    Property Type Investment
    Retail
    Avail sf ± 2,671
    Building sf ± 2,671
    Year Built ±2015
    RoofRubber Membrane
    Acres ±1.06
    Parking28 Spaces
    SprinkleredYes

    UTILITIES

    ElectricalYes
    WaterYes
    SewerYes
    AirYes
    HeatYes
    GasYes

    TAX INFORMATION

    County:Guilford , NC

    PRICING & TERMS

    Price$1,400,000
    NOI$70,000
    Cap Rate5%
    Lease TypeAbsolute NNN Ground Lease
    TermsTenant: Krispy Kreme Donuts; Annual Rent: $70,000; Lease Commencement: 1/1/15; Lease Expiration: 12/31/20; Term: 15 Years; Renewal Options: 4 x 5 year options; LL Responsibility: None
    CommentsLocated in a prime retail and restaurant area in Greensboro, NC with high visibility and quick access to I-40. New Construction on 1.06 acres. There are an abundance of shops, restaurants, and hotels are located along the Gate City Blvd. corridor. Conveniently located at Exit 217 on I-40, Gate City Blvd. is easily accessible from many areas. Both the Koury Convention Center and Greensboro Coliseum Complex are located along the road, bringing many non-residents to the bustling area. Krispy Kreme