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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

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Restaurant

Krystal - Newly Remodeled

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.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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