15050 Southfield Rd Allen Park, MI 48101
NNN Krispy Kreme with corporate guarantee and CPI increases.
Property size:
4,488 SFLot size:
1.10 AcresProperty Features for 15050 Southfield Rd
General Information
- Size
- 4,488 SF
- Lot size
- 1.10 Acres
Source:
Moodyscre
Listing Agent: Andrew Fallon
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Krispy Kreme Investment Opportunity
This property is occupied by Krispy Kreme, a well-known sweet treats brand established in 1937 with a global presence in 35 countries. The tenant has been operating at this location since 2003, demonstrating the site's strength. The lease, signed by the corporate entity (NASDAQ: DNUT), extends through October 2028, as the tenant recently exercised their second of four option periods. The lease structure is NNN, with the tenant responsible for CAM, taxes, insurance, and all maintenance of the premises, presenting a management-free investment opportunity. The lease includes CPI increases at the beginning of each option period, contributing to a growing net operating income.
Location Intelligence
Current Use by Public Records
Krispy Kreme
Fast Food Restaurant
Similar Places Nearby
City Coffeehouse, Bold Bean Café, Target, Cocktail Juice, Qamaria Yemeni Coffee
Location Insight
- Map
- Local Demand
- City
- Allen Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2011709
- Latitude
- 42.2579753
Nearby Similar for Sale
FAQs
What type of property is this?
Coffee shop - NNN Krispy Kreme with corporate guarantee and CPI increases.
Where is this coffee shop located?
The property is located at 15050 Southfield Rd Allen Park, MI.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: - Corporate lease signed by Krispy Kreme (NASDAQ: DNUT).; - Tenant has occupied the site since 2003, demonstrating a strong location.; - Lease extends through October 2028 with CPI increases, hedging against inflation.