Restaurant
Krystal - Newly Remodeled
1688 Sycamore View Rd, Memphis, TN 38134
Listing Price: $1,740,000
Cap Rate
5.75%
Tenant Name
Krystal
Gross SF
2,224
Guarantor
Corporate Guarantee
Rentable SF
2,224
Price/Gross SF
$782.37
Lease Type
Absolute Net
Rent Per Square Feet
$44.96
Investment Overview
The subject property is a sale leaseback opportunity in Memphis, Tennessee. 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
Listing Price: $1,740,000
Cap Rate
5.75%
Tenant Name
Krystal
Gross SF
2,224
Guarantor
Corporate Guarantee
Rentable SF
2,224
Price/Gross SF
$782.37
Lease Type
Absolute Net
Rent Per Square Feet
$44.96
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 Memphis, Tennessee. Tenant will sign a new, 20-year, corporate guaranteed, absolute NNN lease.
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