Property Details

Krispy Kreme

Hagerstown, MD
Property ID: 12501

Financial Summary

Asking Price $2,500,000
Cap Rate 5.70%
Net Operating Income (NOI) $142,500
Lease Type NNN
Lease Term Remaining 15 Years
Increases 10% Every 5 Years in Primary Term, 5% Every 5 Years in Options

Offering Memorandum

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Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • New construction with 15-year NNN lease
  • Corporate guaranty
  • October 2018, Krispy Kreme Doughnut Corporation acquired 10 stores in Maryland and Virginia, including this Hagerstown location
  • 10% rent increases every 5 years in the primary lease term
  • Next to newly remodeled Burger King & part of the 117,718 SF ALDI anchored Hagerstown Shopping Center
  • Dense commercial location with traffic counts of nearly 40,000 VPD and a 5 mile population of 90,000
  • 1.5 hours from Washington, DC

Location

531 Dual Hwy
Hagerstown, MD

Leigh ClineKrispy Kreme