Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the single-tenant Krispy Kreme in Pigeon Forge, Tennessee ("Property" or "Asset"). The Property is operating on an absolute NNN ground lease with ±16.0 years of primary lease term remaining, 2.00% annual rent escalations, and six, five-year renewal options.

TN Broker of Record: Richard Reid – TN License #: 321591

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Attributes

Asking price

A$3,483,000

Cap rate

6.6%

NOI

A$230,000

WAULT

16 years

Building area net

334 m²

Land area gross

0.23 ha

Media

Investment Highlights

Absolute NNN ground lease with ±16.0 years of term remaining
#1 most visited Krispy Kreme in Tennessee, and #2 in the U.S.
Pigeon Forge draws 100K daily visitors during peak season
Less than 2 miles from Dollywood with 4M visitors in 2025
Adjacent to the Great Smoky Mountain National Park – the most visited national park in the U.S.
Just south of The Island in Pigeon Forge, the #1 most visited attraction in TN
Frontage along the Parkway with visibility to 49K VPD