Krispy Kreme Doughnut

Investment Overview

120 GA-138 is a freestanding Krispy Kreme Doughnut Shop developed in 2014 as a purpose-built drive-thru restaurant. The property occupies a signalized corner site at Highway 138 and Daniel Drive and has operated continuously under the Krispy Kreme brand. The property is subject to a long-term Absolute NNN ground lease, providing a passive ownership structure with minimal landlord responsibilities and contractual rental growth. The established corporate tenancy and purpose-built improvements provide a stable foundation for continued restaurant operations.

Investment Highlights

• Below market rent
• Leased to Krispy Kreme Doughnut Corporation, a nationally recognized and established doughnut and coffee brand with a strong retail presence.
• Ground lease currently through March 31, 2029, with three remaining five-year renewal options, 5% rent increases at each option period, and potential lease term through March 2044.
• 1.04-acre signalized corner parcel at Highway 138 and Daniel Drive, providing excellent visibility and convenient access.
• 2,500-square-foot drive-thru restaurant constructed in 2014 and purpose-built for efficient quick-service operations.
• Highly visible location along Highway 138 with approximately 39,200 vehicles per day, positioned within a major commercial corridor serving Stockbridge and the surrounding Henry County market.
• Strong and growing trade area with approximately 60,290 residents within 3 miles and 133,720 residents within 5 miles, supported by average household incomes of approximately $85,700 and $90,700, respectively.