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Restaurant

Krystal Corporate Store | New 20-Year Absolute NNN Sale-Leaseback | A New Chapter

130 GA-61, Villa Rica, GA 30180

Listing Price: $2,013,146

Cap Rate
5.15%
Tenant Name
Krystal
Guarantor
Corporate Guarantee
Rentable SF
1,908
Lease Type
Absolute Net
Rent Per Square Feet
$54.34

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Krystal Restaurant located at 130 GA-61, in Villa Rica, GA. The site constructed in 1996, most recently renovated in 2016, consists of 1,908 rentable square feet of building space and sits on an approximately 1.18 acre parcel of land. Krystal is subject to a brand new, 20-year Absolute NNN lease, the starting base rent shall be $103,677 with 1.00% annual escalations starting in year six. There will be four five-year tenant renewal options with 1.00% 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 Villa Rica, as a result The Krystal Company (Corporate) will execute a new 20-Year Absolute NNN Lease at Close of Escrow.

Investment Highlights

  • New 20-Year Absolute NNN Lease To Be Executed at Close of Escrow
  • 20-Year Absolute (NNN) Lease - Zero Landlord Responsibilities
  • 1.00% Annual Rent Escalations Starting in Year 6
  • Tenant Renewal Options: Four (4), Five-Year Options
  • Located on a Major Thoroughfare

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Restaurant

Krystal Corporate Store | New 20-Year Absolute NNN Sale-Leaseback | A New Chapter

Listing Price: $2,013,146

Cap Rate
5.15%
Tenant Name
Krystal
Guarantor
Corporate Guarantee
Rentable SF
1,908
Lease Type
Absolute Net
Rent Per Square Feet
$54.34

Investment Highlights

  • New 20-Year Absolute NNN Lease To Be Executed at Close of Escrow
  • 20-Year Absolute (NNN) Lease - Zero Landlord Responsibilities
  • 1.00% Annual Rent Escalations Starting in Year 6
  • Tenant Renewal Options: Four (4), 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 130 GA-61, in Villa Rica, GA. The site constructed in 1996, most recently renovated in 2016, consists of 1,908 rentable square feet of building space and sits on an approximately 1.18 acre parcel of land. Krystal is subject to a brand new, 20-year Absolute NNN lease, the starting base rent shall be $103,677 with 1.00% annual escalations starting in year six. There will be four five-year tenant renewal options with 1.00% 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 Villa Rica, as a result The Krystal Company (Corporate) will execute a new 20-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

Financing By

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