Krispy Kreme (Ground Lease)

7648 State Avenue - Kansas City Kansas 66112

LTV (Loan to Value)	65.00%	Current NOI	$51,500.00
Interest Rate	4.250%	Capital Rate	4.750%
Fixed Term	10 Years	Land Area	0.91 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$704,737.15	Property Type	Retail
Payment	$3,817.83	Property Lease	Food Service
Bulding Size	2,945 SF	Remaining Terms	+/- 20 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors, the opportunity to purchase the ground lease interest in a 0.91 acre parcel leased to Krispy Kreme Doughnuts at 7648 State Avenue in Kansas City, KS (“The Property”). Krispy Kreme opened its brand new 2,945 square foot building on February 24th, 2015 making the subject property Krispy Kreme's 1,000th location worldwide. The Property is located at the intersection 78th & State Avenue near the I-70 Interchange, at the recently redeveloped Wyandotte Plaza Shopping Center, a 198,937 square foot grocery anchored shopping center. The shopping center benefits from the nearby Village West trade area which includes the 1.1 million square foot Legends Outlets & restaurants, Kansas Speedway, Sporting KC Park (home to MLS Team Sporting Kansas City), the 650,000 square foot Cerner Continuum Campus with 4,000 employees, Hollywood Casino, Community America Ballpark, Cabela's, Nebraska Furniture Mart, Great Wolf Lodge and Schlitterbahn Water Park.

Highlights

Brand New Construction – Krispy Kreme occupies a brand new 2,945 square foot building with drive thru. The subject property…

Property Description

Kansas City, Kansas is the third-largest city in the state of Kansas and is the county seat of Wyandotte County. It is a suburb of Kansas City, Missouri, and is the third largest city in the Kansas City Metropolitan Area (MSA: 2,035,334). The city is part of a consolidated city-county government known as the “Unified Government” which also includes the cities of Bonner Springs and Edwardsville. It is situated at Kaw Point, which is the junction of the Missouri and Kansas rivers. Kansas City is home to the Kansas Speedway Sporting Kansas City MLS soccer team and the Kansas City T-Bones minor league baseball team. The city is also home to The Legends at Village West, a 1,200,000 SF lifestyle center surrounded by the Kansas Speedway, Hollywood Casino, Livestrong Sporting Park, Nebraska Furniture Mart, Great Wolf Lodge, Phoenix Theatres at the Legends 14, Cabela's and Community America Ballpark.