. Summary Description Coldwell Banker Commercial Metro Brokers is proud to offer this excellent investment opportunity to purchase a Krystal Restaurant for $299,000 at an initial 7% Cap Rate. This will be an absolute NNN leased opportunity, where the landlord will have no responsibilities. There are 5-years remaining on the current lease term with options to extend thereafter as follows:???? (1) 2nd Option ??? Year 1-5, 10/01/16 thru 09/30/21, Rental $28,858.60/YR. or $2,404.88/MO. (2) 3rd Option ??? Year 1-5, 10/01/21 thru 09/30/26, Rental $33,187.39/YR. or $2,765.62/MO. (3) 4th Option ??? Year 1-5, 10/01/26 thru 09/30/31, Rental $38,165.50/YR. or $3,180.46/MO. (4) 5th Option ??? Year 1-5, 10/01/31 thru 09/30/36, Rental $41,982.05/YR. or $3,498.50/MO.???? This free standing restaurant building is situated on .46+/- acres, 1,700 Sq/Ft building, drive thru window, ample parking spaces, excellent visibility, and is located on a main road with heavy traffic.??Hurry, this property is priced for quick sale! General Company Description:?? The Krystal Company is a fast-food gem of the South. The company's chain of more than 350 restaurants in almost a dozen southern states are known for their petite, square hamburgers (what Northerners might call a slider). In addition, Krystal's menu features a larger-sized hamburger, chicken wings and sandwiches, chili dogs, and breakfast items. The company also sells its frozen burgers through grocery stores. More than 230 Krystal locations are company-owned, while the rest are franchised. The chain got its start in 1932 when R.B. Davenport Jr. and J. Glenn Sherrill opened up shop in Chattanooga, Tennessee. It is controlled today by former CEO Philip Sanford.
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