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Restaurant

Krystal - Corporate Absolute NNN Lease with Annual Increases

1006 US-280, Phenix City, AL 36867

Listing Price: $3,226,280

Cap Rate
5.95%
Tenant Name
Krystal
Years Remaining On Lease
12.1
Guarantor
Corporate Guarantee
Rentable SF
2,139
Lease Type
Absolute Net
Rent Per Square Feet
$89.74

Investment Overview

Krystal is an American regional fast food restaurant chain headquartered in Dunwoody, Georgia, with restaurants in the Southeastern United States and Puerto Rico. It is known for its small, square hamburgers, called sliders in places other than the Southeast, with steamed-in onions. Krystal has expanded to 10 states with nearly 300 restaurants.

Phenix City is located in Lee and Russell counties in eastern Alabama and is the county seat of Russell County. The city is home to approximately 40,000 residents. It lies directly across from Columbus, Georgia, and is part of the Columbus, GA-AL Metropolitan Statistical Area.

Investment Highlights

  • 12 Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Krystal Operates 300+ Restaurants in 10 States Throughout the Southeastern U.S.
  • Krystal Recently Merged with SPB Hospitality, a Leading Operator and Franchisor of Full-Service Dining Restaurants with a Portfolio of 500+ Units Across 15 Brands
  • Annual Rental Increases with Multiple Renewal Options
  • Growing Trade Area in the Columbus, GA MSA with 102,659 Residents within a 5-Mile Radius
  • Excellent Frontage and Accessibility Along U.S. Highway 280 (37,270+ Cars per Day), a Major Connector for the Columbus/Phenix City Region
  • Surrounded by National Retailers: Piggly Wiggly, McDonald's, Tractor Supply Co, Burger King, and More

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Restaurant

Krystal - Corporate Absolute NNN Lease with Annual Increases

Listing Price: $3,226,280

Cap Rate
5.95%
Tenant Name
Krystal
Years Remaining On Lease
12.1
Guarantor
Corporate Guarantee
Rentable SF
2,139
Lease Type
Absolute Net
Rent Per Square Feet
$89.74

Investment Highlights

  • 12 Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Krystal Operates 300+ Restaurants in 10 States Throughout the Southeastern U.S.
  • Krystal Recently Merged with SPB Hospitality, a Leading Operator and Franchisor of Full-Service Dining Restaurants with a Portfolio of 500+ Units Across 15 Brands
  • Annual Rental Increases with Multiple Renewal Options
  • Growing Trade Area in the Columbus, GA MSA with 102,659 Residents within a 5-Mile Radius
  • Excellent Frontage and Accessibility Along U.S. Highway 280 (37,270+ Cars per Day), a Major Connector for the Columbus/Phenix City Region
  • Surrounded by National Retailers: Piggly Wiggly, McDonald's, Tractor Supply Co, Burger King, and More

Investment Overview

Krystal is an American regional fast food restaurant chain headquartered in Dunwoody, Georgia, with restaurants in the Southeastern United States and Puerto Rico. It is known for its small, square hamburgers, called sliders in places other than the Southeast, with steamed-in onions. Krystal has expanded to 10 states with nearly 300 restaurants. Phenix City is located in Lee and Russell counties in eastern Alabama and is the county seat of Russell County. The city is home to approximately 40,000 residents. It lies directly across from Columbus, Georgia, and is part of the Columbus, GA-AL Metropolitan Statistical Area.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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