1704 Highway 192 W
London, KY 40741
Krystal | New 20-Year NNN · Retail Property For Sale

The subject property is a 2,580 +/- sf freestanding NNN Krystal restaurant located on Highway 192 West in London, KY, which is located about 70 miles south of Lexington, KY and 90 miles north of Knoxville, TN. The Krystal is well positioned in the main retail corridor of London and is an out-parcel to a large Kroger/CATO anchored shopping center. Directly adjacent to the Kroger is Lowe’s and approximately ½ mile west is a Walmart Supercenter. In addition, the property is not far off Interstate 75. Other tenants in the immediate area include: Tractor Supply, Regal Cinemas, Walgreens, Starbucks, Taco Bell, Texas Roadhouse, Golden Corral, Steak ‘n Shake, a large USPS distribution center, and 5 hotels including Baymont Inn, Country Inn, and Comfort Suites. The tenant will receive $300,000 at closing for tenant improvements/remodel. London, KY is the county seat of Laurel County and is part of the London micropolitan area. Of the seventeen micropolitan areas in Kentucky, London is the largest with over 128,000 residents and the 6th largest population center in the state when including metropolitan areas. The tenant, WAC Enterprises, Inc., signed a new 20-year NNN Lease on August 26, 2019 which includes 1.33% annual escalations during the initial term starting LY6 and 1.0% annual escalations during the four (4), five (5) year option periods. WAC Enterprises currently operates 49 locations throughout six (6) southeastern states after recently adding 16 locations. They are the largest Krystal franchisee in the system and are headquartered in Chattanooga, TN.