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Restaurant

Krystal Sale-Leaseback | Pioneer Franchisee | New 15-Year Absolute NNN Lease

5600 McClellan Blvd, Anniston, AL 36206

Listing Price: $625,000

Cap Rate
5.60%
Tenant Name
Krystal
Guarantor
Franchisee Guarantee
Rentable SF
666
Lease Type
Absolute Net
Rent Per Square Feet
$52.55

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Krystal Restaurant located at 5600 McClellan Blvd in Anniston, AL. The site constructed in 1993 consists of 666 rentable square feet of building space and sits on an approximately 0.48 acre parcel of land. Krystal is subject to a brand new, 15-year Absolute NNN lease, the starting base rent shall be $35,000 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 30 years. The subject property has displayed strong performance throughout its history in Anniston, as a result WAC Enterprises will execute a new 15-Year Absolute NNN Lease at Close of Escrow.

Investment Highlights

  • New 15-Year Absolute NNN Lease To Be Executed at Close of Escrow
  • 15-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

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Restaurant

Krystal Sale-Leaseback | Pioneer Franchisee | New 15-Year Absolute NNN Lease

Listing Price: $625,000

Cap Rate
5.60%
Tenant Name
Krystal
Guarantor
Franchisee Guarantee
Rentable SF
666
Lease Type
Absolute Net
Rent Per Square Feet
$52.55

Investment Highlights

  • New 15-Year Absolute NNN Lease To Be Executed at Close of Escrow
  • 15-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 5600 McClellan Blvd in Anniston, AL. The site constructed in 1993 consists of 666 rentable square feet of building space and sits on an approximately 0.48 acre parcel of land. Krystal is subject to a brand new, 15-year Absolute NNN lease, the starting base rent shall be $35,000 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 30 years. The subject property has displayed strong performance throughout its history in Anniston, as a result WAC Enterprises will execute a new 15-Year Absolute NNN Lease at Close of Escrow.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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