Restaurant
Krystal Sale-Leaseback | Pioneer Franchisee | New 15-Year Absolute NNN Lease
5600 McClellan Blvd, Anniston, AL 36206
Listing Price: $625,000
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.
Krystal Sale-Leaseback | Pioneer Franchisee | New 15-Year Absolute NNN Lease
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
Financing By
Restaurant
Krystal Sale-Leaseback | Pioneer Franchisee | New 15-Year Absolute NNN Lease
Listing Price: $625,000
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
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Eddie Greenhalgh
Senior Vice President Investments
Financing By
