Chipotle - Ocean Springs, MS
3419 Bienville Boulevard, Ocean Springs, MS, 39564, US
₩4,821,027,000 | 228 m²
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the single-tenant Krispy Kreme in Ridgeland, Mississippi ("Property" or "Asset"). The Property is operating on an absolute NNN ground lease with ±16.3 years of primary lease term remaining, 2.00% annual rent escalations, and six, five-year renewal options.
MS Broker of Record: Barry Brown – MS License #: 17703
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Attributes
Asking price
₩3,289,642,000
Cap rate
7%
NOI
₩230,226,000
WAULT
16.3 years
Building area net
357 m²
Land area gross
0.34 ha
Media
Investment Highlights
- Absolute NNN ground lease with ±16.3 years of term remaining
- Outparcel to Walmart Supercenter with 1.7M annual visits
- Corporate guaranty from Krispy Kreme, Inc. and 2.00% annual bumps
- Frontage along Mississippi’s busiest retail corridor, just off I-55 with 136K VPD
- Ridgeland is an upscale suburban community known for its premier shopping
- $102K average household income within a 5-mile radius
- Surrounding shopping centers generate 6.3M+ visits annually
Contact brokers
Krispy Kreme – Ridgeland, MS (0 Properties)
