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
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.