2533 Wesley Chapel Rd Decatur, GA 30035-3406
Property Lookup
Property profile & analytics
2533 Wesley Chapel Rd Decatur, GA 30035-3406
- Turn key restaurants
- 2,750 SF
- 0.63 lot acres
Property ID
US22-2414165
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Krispy Kreme / Bakery / Discount Store
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $435,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $659,000
Market price range: $349k - $682k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$45,502
$282,663
$674,657
$957,320
-
$706,657
$1,686,643
$2,393,300
