710 FAIR OAKS AVE South Pasadena CA 91030-2604

Pegasus Investments Real Estate Advisory Inc., as exclusive advisor to Seller, is pleased to offer an exceptional opportunity to acquire a newly renovated, single-tenant triple net (NNN) leased Krispy Kreme in South Pasadena, California (the “Property”). This highly coveted Krispy Kreme location is secured by a 10-year lease to a corporate joint venture between Krispy Kreme Doughnut Corporation (NASDAQ: DNUT) and Awesome Donught LLC, the exclusive franchisee of Krispy Kreme in Southern California (with 2% annual increases) and is situated prominently on Fair Oaks Ave, a primary thoroughfare within South Pasadena that carries 32,000 VPD. In addition, it benefits from access to CA-110 (62,000 VPD), which connects the Property directly to Downtown Los Angeles and Downtown Pasadena.

The Property is strategically positioned adjacent to national tenants, including Bristol Farms, a top-visited Rite Aid in the United States (96th percentile according to Placer.ai), and more. Additionally, the Property benefits from its location within South Pasadena’s medical hub, which includes Huntington Health, an affiliate of Cedars-Sinai. The 619-bed regional medical center in Pasadena employs over 2,000 employees and is surrounded by many other medical offices in the immediate area adjacent to the Property, including City of Hope, Shriners Children’s Hospital, and more. South Pasadena is an affluent infill market located in the Los Angeles Metro, with 247,000 and 645,000 people within a 3-mile and 5-mile radius, respectively, and an impressive average household income of $140,000 within 1 mile.

Investors stand to benefit from acquiring a property leased to a legendary QSR chain with a multinational presence. The tenant completed a $1M+ dollar renovation to the building and opened in June 2022. Krispy Kreme was public from 2000 to 2016 before being bought by JAB Holding for $1.35 billion. In July 2021, Krispy Kreme became publicly traded again on the Nasdaq (NASDAQ: DNUT). Since going public again, Krispy Kreme has showcased strong financials - backed by a $2.3 billion market cap as of July 2022.

Newly renovated property with absolute triple net (NNN) lease structure

Low-basis opportunity with significantly below market rents

Located in a major healthcare and retail corridor

Irreplaceable infill location with high population density - 247,000 residents within a 3-mile radius

Fee simple (land & building) offering within high-barrier-to-entry market