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Restaurant

Krystal

781 Brannen St, Statesboro, GA 30458

Listing Price: $1,953,000

Cap Rate
5.25%
Tenant Name
Krystal
Years Remaining On Lease
28.5
Guarantor
Corporate Guarantee
Rentable SF
2,248
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.60

Investment Overview

BRAND NEW 20-YEAR CORPORATE NNN LEASE • The subject property has a brand new 20-year Corporate Guaranteed NNN Lease with Krystal Company LLC that will commence at closing. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, Roof & Structure. • There are 1% rent annual increases after year 6 in the initial lease and in all four, 5-Year option periods. DRIVE THRU KRYSTAL LOCATION • This property is a 2,248 SF Krystal with a drive thru and three points of entry. • This store was built in 2007 and will be a candidate to be reimaged to their new prototype. PRIMARY RETAIL CORRIDOR LOCATION • Subject property sits at a lighted pin corner at the heart of the Statesboro retail corridor along Veterans Memorial Pkwy (25,700 VPD). • Directly across the street is a 115,181 SF retail power center (Statesboro Crossing) with T.J. Maxx, Hobby Lobby, Petco, ALDI and More. • Over 1.5M SF of retail within a 1-mile radius of this property which includes Walmart, Lowe’s, Tractor Supply, BI LO, Big Lots!, and The Statesboro Mall. HOME TO GEORGIA SOUTHERN UNIVERSITY • Subject property is located 2 miles from Georgia Southern University (28,000+ Students). The close proximity to GA Southern has helped historically drive sales at this location. • GA Southern is the 6th largest college in the state of Georgia. • GSU has been ranked as a Top 12 Business School and one of America’s Best Colleges by Forbes. KRYSTAL • Krystal is the Southeast’s longest-standing QSR chain that has been in business for over 89 years. • Krystal has over 305 stores in 10 states with over 6,500+ employees and does over $306 Million in sales volume. • Krystal was recently acquired by Fortress Investment Group & Golden Child Holdings in May of 2020 • Fortress manages assets on behalf of approximately 1,800 institutional clients and private investors worldwide totaling approximately $52.7 billion. • Golden Child is an active investor and manager in the restaurant sector that has extensive turnaround experience.

Investment Highlights

  • New 20 Year NNN Lease Corporate Lease
  • High Traffic Location (+/-) 25,700 VPD
  • Across From Lowe's, TJ Maxx & Hobby Lobby
  • 2 Miles From GA Southern University (28,000 + Students)
  • Drive Thru Location
  • Krystal Has 305 Stores & Does $306M In Volume

Exclusively Listed By

Listing Price: $1,953,000

Cap Rate
5.25%
Tenant Name
Krystal
Years Remaining On Lease
28.5
Guarantor
Corporate Guarantee
Rentable SF
2,248
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.60

Investment Highlights

  • New 20 Year NNN Lease Corporate Lease
  • High Traffic Location (+/-) 25,700 VPD
  • Across From Lowe's, TJ Maxx & Hobby Lobby
  • 2 Miles From GA Southern University (28,000 + Students)
  • Drive Thru Location
  • Krystal Has 305 Stores & Does $306M In Volume

Investment Overview

BRAND NEW 20-YEAR CORPORATE NNN LEASE • The subject property has a brand new 20-year Corporate Guaranteed NNN Lease with Krystal Company LLC that will commence at closing. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, Roof & Structure. • There are 1% rent annual increases after year 6 in the initial lease and in all four, 5-Year option periods. DRIVE THRU KRYSTAL LOCATION • This property is a 2,248 SF Krystal with a drive thru and three points of entry. • This store was built in 2007 and will be a candidate to be reimaged to their new prototype. PRIMARY RETAIL CORRIDOR LOCATION • Subject property sits at a lighted pin corner at the heart of the Statesboro retail corridor along Veterans Memorial Pkwy (25,700 VPD). • Directly across the street is a 115,181 SF retail power center (Statesboro Crossing) with T.J. Maxx, Hobby Lobby, Petco, ALDI and More. • Over 1.5M SF of retail within a 1-mile radius of this property which includes Walmart, Lowe’s, Tractor Supply, BI LO, Big Lots!, and The Statesboro Mall. HOME TO GEORGIA SOUTHERN UNIVERSITY • Subject property is located 2 miles from Georgia Southern University (28,000+ Students). The close proximity to GA Southern has helped historically drive sales at this location. • GA Southern is the 6th largest college in the state of Georgia. • GSU has been ranked as a Top 12 Business School and one of America’s Best Colleges by Forbes. KRYSTAL • Krystal is the Southeast’s longest-standing QSR chain that has been in business for over 89 years. • Krystal has over 305 stores in 10 states with over 6,500+ employees and does over $306 Million in sales volume. • Krystal was recently acquired by Fortress Investment Group & Golden Child Holdings in May of 2020 • Fortress manages assets on behalf of approximately 1,800 institutional clients and private investors worldwide totaling approximately $52.7 billion. • Golden Child is an active investor and manager in the restaurant sector that has extensive turnaround experience.

Exclusively Listed By

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