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Restaurant

Krystal | Legacy Franchisee | Sale-Leaseback | New 25-Year Absolute NNN Lease

1002 Jesse Jewell Pkwy, Gainesville, GA 30501

Listing Price: $928,116

Cap Rate
6.00%
Tenant Name
The Franville Corporation
Gross SF
1,862
Guarantor
Franchisee Guarantee
Rentable SF
1,862
Price/Gross SF
$498.45
Lease Type
Absolute Net
Rent Per Square Feet
$29.91

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Krystal Restaurant located at 1002 SW Jesse Jewell Pkwy in Gainesville, Georgia. The site constructed in 1993 consists of 1,862 rentable square feet of building space and sits on an approximately 0.59 acre parcel of land. Krystal is subject to a brand new, 25-year Absolute NNN lease, the starting base rent shall be $55,687 with 3.5% escalations each Five-year period. There will be three five-year tenant renewal options with 3.5% rental increases in each of the Five-year option periods, extending the total possible lease term to 40 years. The subject property has displayed strong performance throughout its history in Cumming, as a result The Franville Corporation will execute a new 25-Year Absolute NNN Lease at Close of Escrow

Investment Highlights

  • New 25-Year Absolute NNN Lease To Be Executed at Close of Escrow
  • 25-Year Absolute (NNN) Lease - Zero Landlord Responsibilities
  • 3.5% Rent Escalations Each Five-Year Period
  • Tenant Renewal Options: Three (3), Five-Year Options
  • Located on a Major Thoroughfare

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Restaurant

Krystal | Legacy Franchisee | Sale-Leaseback | New 25-Year Absolute NNN Lease

Listing Price: $928,116

Cap Rate
6.00%
Tenant Name
The Franville Corporation
Gross SF
1,862
Guarantor
Franchisee Guarantee
Rentable SF
1,862
Price/Gross SF
$498.45
Lease Type
Absolute Net
Rent Per Square Feet
$29.91

Investment Highlights

  • New 25-Year Absolute NNN Lease To Be Executed at Close of Escrow
  • 25-Year Absolute (NNN) Lease - Zero Landlord Responsibilities
  • 3.5% Rent Escalations Each Five-Year Period
  • Tenant Renewal Options: Three (3), Five-Year Options
  • Located on a Major Thoroughfare

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Krystal Restaurant located at 1002 SW Jesse Jewell Pkwy in Gainesville, Georgia. The site constructed in 1993 consists of 1,862 rentable square feet of building space and sits on an approximately 0.59 acre parcel of land. Krystal is subject to a brand new, 25-year Absolute NNN lease, the starting base rent shall be $55,687 with 3.5% escalations each Five-year period. There will be three five-year tenant renewal options with 3.5% rental increases in each of the Five-year option periods, extending the total possible lease term to 40 years. The subject property has displayed strong performance throughout its history in Cumming, as a result The Franville Corporation will execute a new 25-Year Absolute NNN Lease at Close of Escrow

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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