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Restaurant

Krystal - New Construction

2408 Center Point Pkwy, Center Point (Birmingham), AL 35215

Listing Price: $1,395,000

Cap Rate
5.75%
Tenant Name
Krystal
Gross SF
1,340
Guarantor
Corporate Guarantee
Rentable SF
1,340
Price/Gross SF
$1,041.04
Lease Type
Absolute Net
Rent Per Square Feet
$59.70

Investment Overview

The subject property is a sale leaseback opportunity in Center Point (Birmingham), Alabama. Tenant will sign a new, 20-year, corporate guaranteed, absolute NNN lease.

Investment Highlights

  • Sale Leaseback: Tenant to sign an initial lease term of 20 years with three 5-year options
  • Rent Increases of 10% every five years
  • Corporate guaranteed, absolute NNN lease

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Krystal - New Construction

Listing Price: $1,395,000

Cap Rate
5.75%
Tenant Name
Krystal
Gross SF
1,340
Guarantor
Corporate Guarantee
Rentable SF
1,340
Price/Gross SF
$1,041.04
Lease Type
Absolute Net
Rent Per Square Feet
$59.70

Investment Highlights

  • Sale Leaseback: Tenant to sign an initial lease term of 20 years with three 5-year options
  • Rent Increases of 10% every five years
  • Corporate guaranteed, absolute NNN lease

Investment Overview

The subject property is a sale leaseback opportunity in Center Point (Birmingham), Alabama. Tenant will sign a new, 20-year, corporate guaranteed, absolute NNN lease.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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