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Restaurant

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

4005 Lexington Rd, Athens, GA 30605

Listing Price: $1,664,286

Cap Rate
5.95%
Tenant Name
The Franville Corporation
Gross SF
2,626
Guarantor
Franchisee Guarantee
Rentable SF
2,626
Price/Gross SF
$633.77
Lease Type
Absolute Net
Rent Per Square Feet
$37.71

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Krystal Restaurant located at 4005 Lexington Rd in Athens, Georgia. The site constructed in 1994 consists of 2,626 rentable square feet of building space and sits on an approximately 0.8 acre parcel of land. Krystal is subject to a brand new, 25-year Absolute NNN lease, the starting base rent shall be $99,025 with 1.0% annual escalations starting in year six. There will be three five-year tenant renewal options with annual escalations of 1.0% present 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 Athens, 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
  • Five Years Flat with 1.0% Annual Rent Escalations Starting in Year 6
  • Tenant Renewal Options: Three (3), Five-Year Options
  • Located on a Major Thoroughfare; Situated on a Hard-Corner with Lighted Intersection
  • Close Proximity to the University of Georgia

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Restaurant

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

Listing Price: $1,664,286

Cap Rate
5.95%
Tenant Name
The Franville Corporation
Gross SF
2,626
Guarantor
Franchisee Guarantee
Rentable SF
2,626
Price/Gross SF
$633.77
Lease Type
Absolute Net
Rent Per Square Feet
$37.71

Investment Highlights

  • New 25-Year Absolute NNN Lease To Be Executed at Close of Escrow
  • 25-Year Absolute (NNN) Lease - Zero Landlord Responsibilities
  • Five Years Flat with 1.0% Annual Rent Escalations Starting in Year 6
  • Tenant Renewal Options: Three (3), Five-Year Options
  • Located on a Major Thoroughfare; Situated on a Hard-Corner with Lighted Intersection
  • Close Proximity to the University of Georgia

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Krystal Restaurant located at 4005 Lexington Rd in Athens, Georgia. The site constructed in 1994 consists of 2,626 rentable square feet of building space and sits on an approximately 0.8 acre parcel of land. Krystal is subject to a brand new, 25-year Absolute NNN lease, the starting base rent shall be $99,025 with 1.0% annual escalations starting in year six. There will be three five-year tenant renewal options with annual escalations of 1.0% present 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 Athens, 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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