2533 Wesley Chapel Rd Decatur, GA 30035-3406

Property Details for 2533 Wesley Chapel Rd

Year built

2014

Construction

WOOD FRAME

Lot size

0.63 lot acres

Property size

2,750 SF

Zone code

C1

Property type

Turn key restaurants

APN

15 126 02 001

APU

1512602001

Description

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.

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Longitude

-84.2165

Latitude

33.7146

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments