Krispy Kreme
Baskersfield, CA
Krispy Kreme Doughnuts, Inc. is an American doughnut company and coffeehouse chain based in Winston-Salem, North Carolina. Krispy Kreme founder Vernon Rudolph bought a yeast-raised recipe from a New Orleans chef and, in 1937, rented a building in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores.Steady growth led to an ambitious expansion as a public company in the period 2000-2016, which ultimately proved unprofitable. In 2016, the company returned to private ownership under JAB Beech, a private Luxembourg-based firm. On February 24, 2015, Krispy Kreme opened its 1,000th shop in Kansas City, Kansas.
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Typical Lease Characteristics
Positives:
- Typically located in high traffic locations
- Typically Long term leases with increases
Negatives:
- Currently Not Rated
- Consumers are showing a growing interest in healthy fast food.
- Competitive Industry Sector
Market Snapshots:
On Market Ranges:
# of Properties in set: 1
Price: $3,575,000 - $3,575,000Average: $3,575,000
PPSF: $650 - $650Average: $650
Year Built: 2004 - 2004Average: 2004
CAP Rate Range: 7.26% - 7.26%Average: 7.26%
Size range: 5,500 sq ft - 5,500 sq ft Average: 5,500 sq ft
Last 12 Month Range:
# of Properties in set: 14
Price: $2,171,860 - $2,586,700Average: $2,440,287
PPSF: $504 - $663Average: $587
Year Built: 1965 - 2016Average: 1991
CAP Rate Range: 4.45% - 5.80%Average: 5.00%
Size range: 2,222 sq ft - 8,782 sq ft Average: 4,289 sq ft
Krispy Kreme Similar Tenants
Krispy Kreme Company Profile
Headquarters Information
Winston-Salem, North Carolina
Founded in 1937
Company type: Private
Parent Company: JAB Holding Company
Sector: Services
Industry: Restaurant
# of Employees: 4,300