Krispy Kreme

Adjacent to Eastman’s global HQ & Leading U.S. Manufacturing Facility –Eastman Chemical’s +900 acre headquarter facility is the region’s leading employer & is one of North America’s largest manufacturing sites.
Premier Location & Major Retailers – Located in the heart of Kingsport, TN, this site is surrounded by national retailers such as Five Below, Target, Kroger, Ross Dress for Less, Lowe’s Home Improvement, Home Depot, Chick-Fil-A, and many other national retailers.
Absolute Net Ground Lease Structure – Zero landlord responsibilities.
Strong Lease Fundamentals – Eight (8) years remaining on the initial leaseterm with Twenty (20) years in option periods.
Corporate Guarantee – this lease is guaranteed by Krispy Kreme Doughnut Corporation (NYSE: DNUT).
10% Rental Increases – Buyer will capitalize on increased returns every 5 years during the initial term of the lease & in each renewal period.
High Growth Market – Kingsport is part of the larger “Tri-Cities” region of Northeast Tennessee. This area has seen record population growth for the second consecutive year, quadrupling its growth rate prior to 2020.
Adjacent to Notable Tennessee High School – Located minutes fromDobyns-Bennett High School in Kingsport, the 5th largest high school in TN.

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