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Krispy Kreme NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Krispy Kreme logo

Last Year Cap

5.4%

This Year Cap

6.3%

Cap Change

0.9%

Last Year Rating

BBB+

This Year Rating

BBB

Rating Change

Down

Krispy Kreme – NNN Cap Rate Trend

Cap Rate Trends

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at Tenant Year Cap Rate
5779 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,020 6.5
5780 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,021 6.3
5781 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,022 6.0
5782 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,023 6.3
5783 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,024 6.6
5784 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,025 6.6
Tenant Year Cap Rate
1031 Exchange
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Credit (what net-lease buyers care about)

Credit Snapshot

Krispy Kreme

Cap Rates NNN
Last Year 5.4%
This Year 6.3%
Change 0.9%
S&P Rating CREDIT
Last Year BBB+
This Year BBB
Change Down

Krispy Kreme Net Lease: Secure, Essential Investment

Krispy Kreme is a globally recognized doughnut and coffee brand with a presence in the retail and quick-service restaurant sector. This guide reviews cap rates, lease terms, tenant credit, and key due diligence considerations for buyers and sellers of Krispy Kreme net lease properties.

For 1031 exchange buyers, Krispy Kreme Ground Lease Properties are important to compare against fee simple Krispy Kreme assets, as lease structure can materially impact pricing, financing, and long-term resale value.

Investors often evaluate Krispy Kreme assets for:

  • Established Consumer Brand
  • High-Visibility Retail Locations
  • Established Store-Level Operations
  • Potential 1031 Exchange Compatibility

Krispy Kreme Ground Lease Properties require close comparison of rent escalations, remaining lease term, extension options, landlord responsibilities, and residual land value versus fee simple ownership.

Krispy Kreme Ground Lease Properties for 1031 Exchange Buyers

Krispy Kreme Ground Lease Properties can trade differently from fee simple Krispy Kreme assets. Buyers should carefully evaluate lease structure, remaining term, renewal options, landlord responsibilities, tenant credit support, and reversion rights to understand long-term risk and return.

Krispy Kreme – Credit Trend (S&P vs Moody’s)

Tenant_Rating_Trend

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank
1 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2022 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
2 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2023 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
3 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2024 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
4 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2025 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
5 admin2 2025 03:43 PM admin2 2025 03:43 PM 99centsonlystoresllc 99 Cents Only Stores, LLC 2022 Caa2 CCC+ Substantial Risk Substantial Risk 2 2
TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank

Krispy Kreme Investment Market Statistics

AVERAGE SALE PRICE

$2,742,500

BUILDING SIZE

3,471 SF

AVERAGE NOI

$174,712

LAND

1.10 acres*

$/SF RANGE

$555–$793

LEASE TERM SHOWN

15 years

Krispy Kreme Investor Snapshot (Quick Facts)

Origins & Growth (Past)

• Founded in 1937 in Winston-Salem
• Started with original glazed doughnuts
• Expanded through company and franchise stores
• Built a recognizable global doughnut brand
• Introduced hot-light retail experiences
• Expanded into grocery and retail distribution

Where Krispy Kreme Stands Today

• Recognized global doughnut and coffee brand
• Broad U.S. retail store network
• Strong focus on fresh doughnut offerings
• Company-operated and franchised locations
• Expanding delivery and retail distribution
• Focus on brand growth and operational efficiency

Where Krispy Kreme Stands Today

• Global Brand
• Digital Ordering
• Delivery Growth
• Retail Partnerships
• Franchise Operations
• Operational Efficiency
• Consumer Demand

Why investors buy Krispy Kreme NNN Properties or Krispy Kreme ground Lease Properties?

Pros (what buyers like)

  • Recognized Brand
    Established doughnut brand with strong consumer recognition.

  • Everyday Demand
    Popular food and beverage offerings attract recurring customers.

  • High-Visibility Locations
    Many stores occupy accessible retail sites with prominent signage.

  • Long-Term Leases
    NNN and ground lease structures can appeal to 1031 exchange buyers seeking predictable rental income.

  • Multiple Revenue Channels
    Stores may benefit from in-shop sales, drive-throughs, delivery, and retail distribution.

Cons (what can bite you)

    • Tenant Credit Risk
      Brand recognition does not guarantee strong financial performance or lease obligations.

    • Store Closure Risk
      Underperforming locations may face closure or operational changes.

    • Lease Structure Variability
      Some properties may be NN or modified NNN, leaving certain expenses with landlords.

    • Limited Rent Growth
      Lease escalations may be modest or fixed for extended periods.

    • Re-Tenanting Challenges
      Specialized layouts and food-service infrastructure may require modifications for future tenants.

Find out more

Wells Fargo Background & History

Wells Fargo is a national financial services company best known for its extensive network of retail bank branches across the United States. What began as a regional banking and express service business evolved into a full-service financial institution focused on consumer and commercial banking.

Over time, the company built a nationwide footprint, expanding beyond traditional banking to include lending, wealth management, and digital financial services. Today, customers rely on Wells Fargo locations for everyday banking needs, including deposits, lending, and financial transactions.

As consumer preferences have shifted toward digital access and efficiency, the company has adapted through mobile banking platforms, streamlined branch formats, and operational efficiencies that support high transaction volumes.

Why Wells Fargo Matters to NNN Investors

Wells Fargo operates one of the largest banking networks in the United States, serving millions of customers daily. The business model is centered on essential financial services, repeat customer interactions, and locations positioned along major corridors and dense population centers.

Many branches are located on prime corner real estate, often featuring drive-thru access and strong visibility, which helps support consistent customer traffic. In addition, the company continues to invest in digital platforms and operational improvements to enhance performance and efficiency.

This focus on essential, service-based retail helps explain why Wells Fargo remains relevant even as banking evolves. Management continues to optimize branch networks and adapt to changing consumer behavior and digital adoption trends.

What Buyers and Sellers Should Evaluate

For investors evaluating Wells Fargo NNN properties, a Wells Fargo net lease, or a Wells Fargo ground lease, the investment thesis is typically centered on real estate quality and tenant credit strength. As a result, buyers often place greater emphasis on lease structure, site fundamentals, and long-term usability than on brand recognition alone.

Common searches include Wells Fargo real estate, Wells Fargo cap rate, Wells Fargo lease term, Wells Fargo tenant credit, and branch performance. Ultimately, Wells Fargo net lease value is driven by site-specific factors, lease economics, and how the location fits within the company’s broader branch network.

As banking habits continue to evolve, the strongest Wells Fargo locations tend to be those that remain essential within their trade areas. Buyers and sellers should evaluate each property individually, including ingress and egress, visibility, traffic patterns, surrounding population density, nearby competition, and lease language that defines landlord responsibilities.

In addition, investors should consider long-term cash-flow durability, potential branch consolidation trends, and how the asset may perform across different hold periods and exit strategies.

 

Corporate vs. Franchise | Store Count

Wells Fargo operates under a fully corporate-owned model, with no franchising. For NNN and ground lease investors, this means leases are typically directly backed by the corporate entity, making the lease obligor straightforward and reducing credit ambiguity. In the U.S., Wells Fargo operates 4,000+ branch locations, giving it one of the largest banking footprints nationwide. For investors, tenant credit, lease structure, and branch location quality often matter more than total store count.

Wells Fargo Financial Snapshot

Wells Fargo operates as a publicly traded financial institution and reports hundreds of billions in annual revenue, supported by diversified banking operations across consumer, commercial, and wealth management segments. The company maintains strong operating cash flow and a large balance sheet, which supports its long-term lease obligations. For net lease investors, Wells Fargo’s investment-grade credit profile, scale, and consistent banking operations are key factors when evaluating lease reliability and long-term income stability.

Wells Fargo Lease Types

Most single-tenant Wells Fargo properties are structured as long-term NNN or ground leases, though terms can vary by deal. While many are marketed as NNN, some assets may be NN or modified NNN, with limited landlord responsibilities such as roof or structure. As a result, buyers should carefully review lease language, expense responsibilities, and term remaining before underwriting and pricing.

our team of experts are here for you

Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.

Whether you are comparing Krispy Kreme ground lease properties or fee simple Krispy Kreme assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.

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