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Restaurant

Krystal

271 Cobb Pkwy SE, Marietta, GA 30062

Listing Price: $2,100,000

Cap Rate
5.00%
Tenant Name
Krystal
Years Remaining On Lease
10.5
Gross SF
1,865
Guarantor
Corporate Guarantee
Rentable SF
1,865
Price/Gross SF
$1,126.01
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.35

Investment Overview

-Absolute NNN Lease with nearly 11 years of term remaining with The Krystal Company
-State of the art, new prototype construction built in 2017
-Well above average store sales creating a conservative rent/sales ratio
-Annual rental increases of 1.0%
-The Krystal Company is the 2nd Oldest QSR chain in the country (established in 1932) with over 300 locations throughout the South
-The Krystal Company was acquired by Fortress Investment Group in May 2020 - Fortress Investment Group manages approximately $43 billion of assets
-Strong Atlanta MSA location in the high growth/high income city of Marietta 20 miles northwest of downtown Atlanta
-Dense retail location directly across from Walmart Supercenter and Sam's Club - brand new ALDI being built next door - approx. mile from The Big Chicken, an Atlanta landmark
-High traffic location on Cobb Parkway off Interstate 75 - nearly 40,000 cars/day on Cobb Parkway and over 240,000 on Interstate 75
-Less than 5 miles from The Battery and Truist Park - built in 2017, Truist Park is a 41,000-seat stadium and home of the Atlanta Braves - The Battery is a 1.5 million SF mixed use destination
-Less than 2 miles from Dobbins Air Force Base - Dobbins is the largest multi-service reserve training base in the world and the economic impact was nearly $200M in 2020
-Less than 8 miles from Kennesaw State University - KSU has more than 41,000 students and is the 2nd largest University in the state of Georgia
-Densely populated market - nearly 8,000 residents within 1-mile and over 220,000 within 5 miles - AHI in the 5-mile radius is over $90,000
-Atlanta ranks as one of the nations top markets for Fortune 500 Companies with 15 companies headquartered in the MSA, including Coca-Cola, Delta, Home Depot & UPS
-Atlanta ranks among the highest in the nation for job growth, with nearly 200,000 positions added the last five years

Investment Highlights

  • Absolute NNN Lease with nearly 11 years of term remaining with The Krystal Company
  • State of the art, new prototype construction built in 2017
  • Well above average store sales creating a conservative rent/sales ratio
  • Annual rental increases of 1.0%
  • The Krystal Company is the 2nd Oldest QSR chain in the country (established in 1932)
  • Dense retail location directly across from Walmart Supercenter and Sam;s Club

Exclusively Listed By

Financing By

Listing Price: $2,100,000

Cap Rate
5.00%
Tenant Name
Krystal
Years Remaining On Lease
10.5
Gross SF
1,865
Guarantor
Corporate Guarantee
Rentable SF
1,865
Price/Gross SF
$1,126.01
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.35

Investment Highlights

  • Absolute NNN Lease with nearly 11 years of term remaining with The Krystal Company
  • State of the art, new prototype construction built in 2017
  • Well above average store sales creating a conservative rent/sales ratio
  • Annual rental increases of 1.0%
  • The Krystal Company is the 2nd Oldest QSR chain in the country (established in 1932)
  • Dense retail location directly across from Walmart Supercenter and Sam;s Club

Investment Overview

-Absolute NNN Lease with nearly 11 years of term remaining with The Krystal Company
-State of the art, new prototype construction built in 2017
-Well above average store sales creating a conservative rent/sales ratio
-Annual rental increases of 1.0%
-The Krystal Company is the 2nd Oldest QSR chain in the country (established in 1932) with over 300 locations throughout the South
-The Krystal Company was acquired by Fortress Investment Group in May 2020 - Fortress Investment Group manages approximately $43 billion of assets
-Strong Atlanta MSA location in the high growth/high income city of Marietta 20 miles northwest of downtown Atlanta
-Dense retail location directly across from Walmart Supercenter and Sam's Club - brand new ALDI being built next door - approx. mile from The Big Chicken, an Atlanta landmark
-High traffic location on Cobb Parkway off Interstate 75 - nearly 40,000 cars/day on Cobb Parkway and over 240,000 on Interstate 75
-Less than 5 miles from The Battery and Truist Park - built in 2017, Truist Park is a 41,000-seat stadium and home of the Atlanta Braves - The Battery is a 1.5 million SF mixed use destination
-Less than 2 miles from Dobbins Air Force Base - Dobbins is the largest multi-service reserve training base in the world and the economic impact was nearly $200M in 2020
-Less than 8 miles from Kennesaw State University - KSU has more than 41,000 students and is the 2nd largest University in the state of Georgia
-Densely populated market - nearly 8,000 residents within 1-mile and over 220,000 within 5 miles - AHI in the 5-mile radius is over $90,000
-Atlanta ranks as one of the nations top markets for Fortune 500 Companies with 15 companies headquartered in the MSA, including Coca-Cola, Delta, Home Depot & UPS
-Atlanta ranks among the highest in the nation for job growth, with nearly 200,000 positions added the last five years

Exclusively Listed By

Financing By

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