Business for Sale in Gadsden, AL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Gadsden, AL 35903

Description

* Low rent, corporately guaranteed Krispy Kreme Ground Lease with approximately 7 years remaining located in Gadsden, AL, approximately 60 miles northeast of Birmingham, AL * Conservative rent of only $77,500 ($29.02/SF) with four (4), five (5) year option periods * Absolute NNN Ground Lease on over 1.3 acres * 2,671 SF state of the art construction built in 2015 with a drive-thru * Krispy Kreme, Inc. was founded in 1937 and has over 2,200 locations in over 40 countries- total revenue of approximately $1.66 billion in 2024 * Adjacent to a 3M SF Takkion Clean Energy Plant that will be used as a storage and handling hub for solar panels and other devices that will be distributed to clean energy projects across the U.S. * Takkion is an industry leading global renewal energy logistics company based in Wyoming- the new operation will put Gadsden in the center of distribution for the entire renewable energy industry throughout the Southeast * Located in the main retail corridor of Gadsden as an outparcel to River Trace shopping center- anchored by Hobby Lobby, Ross, Five Below, and Shoe Carnival- over 1.9 million annual visitors for the entire center and over 408K visitors for Hobby Lobby * Adjacent to one of the top Walmart’s in the state of Alabama- over 2.7 million annual visitors- 86th percentile for Alabama (15th out of 102) and 79th percentile in U.S. (810th out of 3,883) * Approximately 1 mile from Gadsden Regional Medical Center- 346-bed hospital with over 2,000 healthcare professionals * Located near Coosa Town Center- anchored by T.J.Maxx, Old Navy, and Bealls- over 3.9 million annual visitors- 90th percentile for Alabama (12th out of 115) and 81st in U.S. (1,360th out of 7,219) * Dense retail corridor with national tenants such as: Aldi, Walgreens, Popeye’s, Arby’s, Burger King, Panda Express, Panera, Captain D’s, Dairy Queen, and Taco Bell * Over 37,000 cars/day on E Meighan Boulevard Investment Highlights: • Low rent, corporately guaranteed Krispy Kreme Grou

Market Context

This food service in Gadsden, AL is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing food service assets. It has been on the market for 68 days. Compare it against other food service listings for sale in Gadsden, AL — <a href="/search/sale/other/alabama/gadsden">view the full market</a>.

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