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Restaurant

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

120 Iowa Ave, Dayton, TN 37321

Listing Price: $2,225,000

Cap Rate
5.39%
Tenant Name
WAC Enterprises
Gross SF
2,292
Guarantor
Franchisee Guarantee
Rentable SF
2,292
Price/Gross SF
$970.77
Lease Type
Absolute Net
Rent Per Square Feet
$52.35

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Krystal Restaurant located at 120 Iowa Ave, in Dayton, TN. The site constructed in 1994 consists of 2,292 rentable square feet of building space and sits on an approximately 0.81 acre parcel of land. Krystal is subject to a brand new, 25-year Absolute NNN lease, the starting base rent shall be $119,989 with 1.0% annual escalations starting in year six. There will be three five-year tenant renewal options with 1.0% annual 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 Dayton, as a result WAC Enterprises recently completed a major re-model and will execute a new 25-Year Absolute NNN Lease at Close of Escrow.

Investment Highlights

  • Freshly Renovated Building Featuring Krystal Iconic Series Prototype
  • New 25-Year Absolute NNN Lease To Be Executed at Close of Escrow
  • 25-Year Absolute (NNN) Lease - Zero Landlord Responsibilities
  • 1.0% Annual Rent Escalations Starting in Year 6
  • Tenant Renewal Options: Three (3), Five-Year Options
  • Located on a Major Thoroughfare

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Restaurant

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

Listing Price: $2,225,000

Cap Rate
5.39%
Tenant Name
WAC Enterprises
Gross SF
2,292
Guarantor
Franchisee Guarantee
Rentable SF
2,292
Price/Gross SF
$970.77
Lease Type
Absolute Net
Rent Per Square Feet
$52.35

Investment Highlights

  • Freshly Renovated Building Featuring Krystal Iconic Series Prototype
  • New 25-Year Absolute NNN Lease To Be Executed at Close of Escrow
  • 25-Year Absolute (NNN) Lease - Zero Landlord Responsibilities
  • 1.0% Annual Rent Escalations Starting in Year 6
  • 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 120 Iowa Ave, in Dayton, TN. The site constructed in 1994 consists of 2,292 rentable square feet of building space and sits on an approximately 0.81 acre parcel of land. Krystal is subject to a brand new, 25-year Absolute NNN lease, the starting base rent shall be $119,989 with 1.0% annual escalations starting in year six. There will be three five-year tenant renewal options with 1.0% annual 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 Dayton, as a result WAC Enterprises recently completed a major re-model and will execute a new 25-Year Absolute NNN Lease at Close of Escrow.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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