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Restaurant

Krystal | Lafollette, TN

2404 Jacksboro Pike, Lafollette, TN 37766

Listing Price: $930,000

Cap Rate
5.75%
Tenant Name
Krystal
Years Remaining On Lease
16.4
Guarantor
Franchisee Guarantee
Rentable SF
840
Lease Type
Absolute Net
Rent Per Square Feet
$63.69

Investment Overview

Lease
- 16.5 Years Remaining on Base Term
- 1% Annual Rental Increases
- NNN – NO Landlord Responsibilities
- Four, 5-Year Options
- Strong Guarantee – WAC Enterprises

Strong Operator / Guarantee
- WAC Enterprises is the first ever and largest franchisee of Krystal with 96 locations
- Wayne and Carolyn Hale founded WAC Enterprises in 1989, becoming the first franchisees of The Krystal Company. In 1990, they opened the company’s first franchise restaurant in Crossville, Tennessee.

Great Real Estate Fundamentals
- Good access going both directions on Jacksborro Pike, which sees XXXX cars per day
- Surrounded by national tenants including Walmart, Lowe’s, McDonald’s, Starbucks, Dunkin’, Taco Bell, Bojangles, Zaxbys, Burger King, Jersey Mikes, Walgreens, O’Reilly, and more!

Investment Highlights

  • Lease - 16.5 Years Remaining on Base Term - 1% Annual Rental Increases - NNN – NO Landlord Responsibilities - Four, 5-Year Options - Strong Guarantee – WAC Enterprises
  • Strong Operator / Guarantee - WAC Enterprises is the first ever and largest franchisee of Krystal with 96 locations - Wayne and Carolyn Hale founded WAC Enterprises in 1989
  • Great Real Estate Fundamentals - Good access going both directions on Jacksborro Pike, which sees XXXX cars per day - Surrounded by national tenants including Walmart, Lowe's, McDonald's, Starbucks

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Senior Managing Director, Market Leader - Mid-South

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Restaurant

Krystal | Lafollette, TN

Listing Price: $930,000

Cap Rate
5.75%
Tenant Name
Krystal
Years Remaining On Lease
16.4
Guarantor
Franchisee Guarantee
Rentable SF
840
Lease Type
Absolute Net
Rent Per Square Feet
$63.69

Investment Highlights

  • Lease - 16.5 Years Remaining on Base Term - 1% Annual Rental Increases - NNN – NO Landlord Responsibilities - Four, 5-Year Options - Strong Guarantee – WAC Enterprises
  • Strong Operator / Guarantee - WAC Enterprises is the first ever and largest franchisee of Krystal with 96 locations - Wayne and Carolyn Hale founded WAC Enterprises in 1989
  • Great Real Estate Fundamentals - Good access going both directions on Jacksborro Pike, which sees XXXX cars per day - Surrounded by national tenants including Walmart, Lowe's, McDonald's, Starbucks

Investment Overview

Lease - 16.5 Years Remaining on Base Term - 1% Annual Rental Increases - NNN – NO Landlord Responsibilities - Four, 5-Year Options - Strong Guarantee – WAC Enterprises Strong Operator / Guarantee - WAC Enterprises is the first ever and largest franchisee of Krystal with 96 locations - Wayne and Carolyn Hale founded WAC Enterprises in 1989, becoming the first franchisees of The Krystal Company. In 1990, they opened the company’s first franchise restaurant in Crossville, Tennessee. Great Real Estate Fundamentals - Good access going both directions on Jacksborro Pike, which sees XXXX cars per day - Surrounded by national tenants including Walmart, Lowe’s, McDonald’s, Starbucks, Dunkin’, Taco Bell, Bojangles, Zaxbys, Burger King, Jersey Mikes, Walgreens, O’Reilly, and more!

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Senior Managing Director, Market Leader - Mid-South

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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