Winston-Salem, North Carolina – We have Net Lease Properties news on the southeast commercial real estate market. Both North Carolina and Georgia are excellent areas for triple net lease properties. The southeast area is prime for Net Lease Properties investors in a 1031 Exchange. Even in difficult economic times, Net Lease Properties investors are highly interested in NNN commercial real estate.
We have information on a net lease property located in Norcross, Georgia. There is a renewel on a net lease with the Tenant, Krispy Kreme. The “Hot Now” bright red light will remain on for this net leased property. Krispy Kreme Doughnut Corporation has renewed approximately 32,112 square feet for 10 years with a net lease. This net leased property is situated at 4320 International Blvd., in Norcross, a suburb of Atlanta. Norcross is about 29 miles north-east of the Hartsfield-Jackson Atlanta International Airport (ATL), which is located at North Terminal Pkwy, Atlanta, Georgia.
A few years back, Krispy Kreme Doughnut Corp. (Winston-Salem, North Carolina) was not well known outside of the Southeast States. However in 1996, Krispy Kreme Doughnut Corp. began a growth trend that would lead to an international presence. As new Krispy Kreme franchises sprang up, however, the company’s distribution system was not up to par for this expansion. Some innovations at this Georgia net leased property were completed to help the Distribution Solution increases order fulfillment accuracy. We were told that Krispy Kreme conducted an investment property search for alternative property in the Atlanta, Georgia area. However, this Norcross net leased property owner offered suitable concessions allowing the Krispy Kreme to make proper improvements on the net leased property. Sometimes NNN Commercial Real Estate Investors can make various offers to make changes and keep a Tenant in their net leased property.
A few months back we were informed that a net leased property located in Winston-Salem signed Krispy Kreme to a long term lease. Krispy Kreme use this Winston-Salem net lease property as its headquarters. This North Carolina net lease property is positioned at 370 Knollwood Street in Winston-Salem, North Carolina. This net lease property owner is Highwoods Properties. This net leased property is a six-story, 86,335-square-foot office building. The net lease property is situated in South Forsyth County, near Miller Park. The donut maker, Krispy Kreme leases approximately 59,000 square feet.
The net lease property owner is impressed with the management team at 370 Knollwood. The net lease property owner, Highwoods Properties, Inc. is a commercial real estate investment trust (REIT). Highwoods Properties (REIT) has interests in office properties, industrial property, retail triple net lease properties. Highwoods Properties (REIT) also owns and manages service center properties, and development projects and apartment building complexes. It also provides customer-related and fee-based real estate management services for their NNN Commercial Real Estate and also for third-party clients.
As of last year, Highwoods had interests in 377 in-service office, industrial holdings and retail properties, with over 35.3 million square feet of gross leaseable space. In addition, Highwoods Properties (REIT) also owned 581 acres of developable land which they can improve on. Net Lease Funding for Investment Property portfolios is still available for Net Lease Properties.
For net lease property tenant information, Krispy Kreme is a unique company and brand that has become increasingly more recognizable all around the world. The net lease property tenant, Kripy Kreme, has been in business for over 70 years. Krispy Kreme Doughnut Corp. is increasing their international presence and adding another 40 stores in the United Kingdom and Ireland over the next few years. Krispy Kreme Doughnut Corp. offers premium-quality doughnuts and great-tasting coffee that can be acquired at 560 locations around the world.
Feel free to Contact us to sell or purchase various Net Lease Properties. We have experience working with build-to-suit developers for net lease properties developments.
Commercial Real Estate investors in need of acquisition financing, a refinance, or re-development financing for NNN Retail, and Single-Tenant net lease properties can get financing with Commercial Loans at Loanrise.com.