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Restaurant

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

2115 US-431, Boaz, AL 35957

Listing Price: $1,675,000

Cap Rate
5.64%
Tenant Name
WAC Enterprises
Gross SF
690
Guarantor
Franchisee Guarantee
Rentable SF
690
Price/Gross SF
$2,427.54
Lease Type
Absolute Net
Rent Per Square Feet
$136.96

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Krystal Restaurant located at 2115 US-431, in Boaz, AL. The site constructed in 1990 consists of 690 rentable square feet of building space and sits on an approximately 0.60 acre parcel of land. Krystal is subject to a brand new, 25-year Absolute NNN lease, the starting base rent shall be $76,718 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 Boaz, as a result WAC Enterprises 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 Every Five-Years
  • Tenant Renewal Options: Three (3), Five-Year Options
  • Located on a Major Thoroughfare

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Restaurant

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

Listing Price: $1,675,000

Cap Rate
5.64%
Tenant Name
WAC Enterprises
Gross SF
690
Guarantor
Franchisee Guarantee
Rentable SF
690
Price/Gross SF
$2,427.54
Lease Type
Absolute Net
Rent Per Square Feet
$136.96

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 Every Five-Years
  • 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 2115 US-431, in Boaz, AL. The site constructed in 1990 consists of 690 rentable square feet of building space and sits on an approximately 0.60 acre parcel of land. Krystal is subject to a brand new, 25-year Absolute NNN lease, the starting base rent shall be $76,718 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 Boaz, as a result WAC Enterprises will execute a new 25-Year Absolute NNN Lease at Close of Escrow.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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