BJ's Brewhouse - Dublin, OH
5141 Tuttle Crossing Blvd, Columbus, OH, 43016, US
NZ$8,423,000 | 857 m²
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the single-tenant Krispy Kreme in Baton Rouge, Louisiana ("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.
LA Broker of Record: Greg Riera – LA License #: 0912124540
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Attributes
Asking price
NZ$4,050,000
Cap rate
7%
NOI
NZ$283,000
WAULT
15.3 years
Building area net
397 m²
Land area gross
0.26 ha
Media
Investment Highlights
- Absolute NNN ground lease with ±15.3 years of term remaining
- Corporate guaranty from Krispy Kreme, Inc. and 2.00% annual bumps
- 3 miles to Southern University and A&M College with 7,660 students
- Adjacent to Baton Rouge Metropolitan Airport, the 2nd largest airport in LA
- Nearby ExxonMobil Baton Rouge Complex – the 6th largest refinery in the U.S.
- Frontage along Plank Road, just off Airline Hwy/I-110 interchange with 128K VPD
- 125K+ students within a 5-mile radius of the property
Contact brokers
Krispy Kreme - Baton Rouge, LA (0 Properties)
