Descriptif

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the single-tenant Krispy Kreme in Middleburg Heights, Ohio ("Property" or "Asset"). The Property is operating on an absolute NNN ground lease with ±15.3 years of primary lease term remaining, 2.00% annual rent escalations, and six, five-year renewal options.

OH Broker of Record: Jon Vanderplough – OH License #: SAL.2005015674

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Attributs

Prix demandé

3 079 000 $

Taux de capitalisation

7 %

RNI

216 000 $

WAULT

15.3 années

Superficie du terrain brute

0,25 ha

Superficie du bâtiment nette

259 mètres carrés

Média

Points forts de l'investissement

Absolute NNN ground lease with ±15.3 years of term remaining
Corporate guaranty from Krispy Kreme, Inc. and 2.00% annual bumps
Outparcel to southland Shopping Center with 4.7M visits annually and a top 6% shopping center in the U.S.
2 miles to Cuyahoga Community College’s Western Campus, the largest community college in Ohio
Hard corner, signalized intersection with 50K VPD
Southland Business District undergoing $45M mixed-use redevelopment