Krispy Kreme Raleigh location sold-end of Krispy Kreme Challenge?

2,014 Views | 3 Replies | Last: 5 yr ago by Wolfer79
Wolfer79
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Time will only tell what the future holds for the iconic @K2Challenge, as @krispykreme has sold the home of their only location in Raleigh. https://t.co/LWHsAZ6U0Y https://t.co/ZGMgmRUHpG
Wolfer79
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Hit return too soon
Will add question mark
Pack87
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Reports are that KKD has signed a 20 year lease to remain at location and then has 4 (5-year options) to extend. Total of 40 more years. Why would a company pay double the property value and not be able to use or resale (free and clear) for that period of time. There is probably a way they can buy out of the lease but still seems unusual.
ncsupack1
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^ I'm not an expert but seems rather odd. Glad to see at least for now that KK is staying.
Wolfer79
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Pack87 said:

Reports are that KKD has signed a 20 year lease to remain at location and then has 4 (5-year options) to extend. Total of 40 more years. Why would a company pay double the property value and not be able to use or resale (free and clear) for that period of time. There is probably a way they can buy out of the lease but still seems unusual.


I think the proposed MLS level soccer stadium is in the area and if that is ever built, there is a provision in the lease for a buyout and relocation.

However, I doubt that soccer facility is built.
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