4,324 SF freestanding former Krispy Kreme
Triple net: on top of base rent, the tenant pays property taxes, building insurance, and common area maintenance. The all-in estimate includes these at the broker’s estimate.
Expense estimates and inclusions are per listing broker; verify before signing.
- Parking
- Grease Trap
Listing Agent
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About this Property
Approximately 4,324 SF freestanding former Krispy Kreme at 100 S. Kings Highway. Interior demolition is complete, allowing the tenant to customize the space. Potential restaurant, retail, showroom, office, or service use, subject to required approvals.
• Offered as-is. Tenant is responsible for all renovations, improvements, permits, and build-out.
• 12 months free base rent: the first six months for renovations and build-out, followed by six months while the business opens and becomes established.
• Free base rent is offered in lieu of a landlord-funded tenant improvement allowance.
• 10-year initial lease term with two additional five-year renewal options.
• Year 2 rent—the first paid lease year—is due in full at lease signing. Monthly rent payments begin in Year 3.
• Rent increases 10% at the beginning of each five-year renewal term.
Kitchen & Equipment
- Grease trap
- HVAC
Parking
- Parking: Dedicated
Restrooms
- Bathroom: Multiple
Buildout & Condition
- Condition: Second Generation (Good Condition)
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