•	The tenant recently exercised their second of four option periods, providing firm term through October 2028
•	The lease features CPI increases at the beginning of each option, growing NOI and hedging against inflation
•	Krispy Kreme has an extensive historical occupancy, having operated at the site since 2003, a testament to the strength of the location
•	The lease is signed by the corporate entity (NASDAQ: DNUT)
•	Founded in 1937, Krispy Kreme is a world-renowned sweet treats brand with a strong customer base spanning 35 countries.
•	Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
•	No landlord responsibilities
•	Ideal, management-free investment for a passive investor

Offering Memorandum

•	Krispy Kreme is ideally situated within a dense retail trade area
•	The nearby national/credit tenants include Kroger, The Home Depot, Target, ALDI, Meijer, ACE Hardware, and others
•	The property is within 3 miles of Corewell Health Dearborn Hospital
(632 bed), Ford Research & Product Development Center, Ford Dearborn Manufacturing Plant, and other distribution facilities, making this a convenient option for coffee and dessert needs
•	Strong tenant synergy increases consumer draw to the immediate trade area, promotes crossover store exposure, and contributes to the local economy
•	The subject is among the most visited Bakeries and Dessert Shops in the state of Michigan with 233K+ annual visits, ranking in the top 85th percentile (per Placer.ai)
•	Strategically located along Southfield Road with clear visibility and access to an average of 61,700 vehicles passing by daily
•	The asset benefits from nearby access onto State Highway 85 (42,600 VPD), Interstate 75 (104,500 VPD), Interstate 94 (155,000 VPD), and others, making it an ideal and centralized location with easy commutes
•	The property is a quick 19-minute drive into Downtown Detroit
•	Krispy Kreme is equipped with a drive-thru, providing ease and convenience for customers
•	The asset has excellent visibility and multiple points of ingress/egress
•	The property is near numerous single-family communities and multi-family complexes, providing a direct residential consumer base
•	The nearby multi-family complexes include The Cove at Allen Park (132 units), Park Plaza (200 units), Gale Gardens (233 units), and others
•	More than 288,200 residents and 117,000 employees support the trade area
•	$78,438 average household income

Allen Park, MI - Krispy Kreme

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<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

Traffic Counts
Southfield Road/State Highway 39	61,700 VPD
Interstate 94	155,000 VPD

Investment Offering

Allen Park, MI - Krispy Kreme

Description

Location

Demographics

Traffic Counts

Documents & Links

Contact

Andrew Fallon

Philip Wellde