• 68°

Krispy Kreme building sold for $1.5 million

By Maggie Blackwell

For the Salisbury Post

SALISBURY — The Krispy Kreme building on West Innes Street has been sold for $1,547,000, according to Rowan County tax records.

The transaction appears to be part of a larger sale to Broadstone KKD Portfolio LLC of Rochester, New York, in which Krispy Kreme also is signing leases to continue operations.

The building was constructed in 1973. Many Salisbury long-timers remember being excited at the time to have a Krispy Kreme location. Beatrice Foods built the building and sold it to Krispy Kreme in 1982.

There are 17 Krispy Kreme locations in the state. Many others have also been sold, including two stores in Charlotte and another in Raleigh. The Salisbury store was sold on March 30; other stores throughout the state were sold in early April.

The 2,500-square-foot building has a tax value of $405,870 and brings in a little over $5,500 a year in property taxes.

Broadstone KKD is affiliated with Broadstone Real Estate, according to the Charlotte Business Journal. Broadstone Real Estate also owns Broadstone Net Lease. Its website says it is a private real estate investment trust that acquires free-standing, single-tenant, leased commercial properties.

Krispy Kreme was started in Winston-Salem in 1937. JAB Holdings, a German private equity firm, bought the company in 2016.

Comments

Crime

Blotter: Two charged after call about package

Crime

Salisbury Police investigating two shootings

Crime

Chase involving Kernersville man ends in woods behind Carson High School

News Main

North Rowan girls end season with playoff loss to Murphy

Education

Rowan-Salisbury EC department plunges in place after raising $1,300 for Special Olympics

Nation/World

Tiger Woods injured in car crash, has surgery on legs

Local

Local stakeholders set goals, direction to tackle city’s housing issues

Education

RSS board talks future of Henderson Independent School

Coronavirus

One new COVID-19 death, 23 new positives reported Tuesday

Local

Concord to create fallen officer memorial featuring Rowan native Shuping

Crime

20-year-old man faces rape charges

Crime

Blotter: Man charged after shooting gun during argument

Local

UPDATE: Missing Salisbury man found

Education

RSS board votes to use upset bid process on Faith property

Local

Committee to soon accept artist applications for ‘Paint the Pavement’ project

BREAKING NEWS

RSS board votes to send elementary students to in-person classes four days per week

Coronavirus

County to administer nearly 1,700 vaccines this week

News

Political Notebook: Rep. Howard named ‘hospitality champion’ by North Carolina Restaurant and Lodging Association

Crime

Blotter: Gunshot fired into home on North Oakhurst Drive

Local

Teenager reported missing in Salisbury

Local

‘Everybody needs an Aunt Libby:’ Family celebrates 100th birthday of Rockwell doctor Elizabeth Lombard

Ask Us

Ask Us: Why is Rowan EMS no longer transporting some patients outside of county?

Crime

Blotter: Feb. 21

Nation/World

FAA orders United to inspect Boeing 777s after emergency