2244 N Charles G Seivers Blvd
Clinton, TN 37716
Retail Property For Sale

The subject property is a 2,580 +/- sf freestanding NNN Krystal restaurant located on North Charles G Seivers Boulevard (ADT over 26,000) in Clinton, TN, approximately 23 miles northwest of Knoxville. The Krystal is well positioned about mile off Interstate 75 (ADT over 52,000) with good ingress/egress in a dense retail corridor of Clinton. Nearby traffic generators include a Walmart Supercenter (almost directly across the street), 6 hotels including Hampton Inn, Holiday Inn Express, Baymont Inn, Super 8, Red Roof Inn, and Quality Inn, several other QSR's including McDonald's, Zaxby's, Wendy's, Hardee's, Dunkin', Bojangles, and Arby's, and also a Walgreens, and Anderson County High School (1,000+ students). Clinton, located in Anderson County and part of the Knoxville MSA, has become a prime location for Tier 1 automotive parts manufacturers because of the access to Interstate 75 and the proximity to the automotive assembly plants. In addition, the city is within a day's drive of 75% of the United States population. The Knoxville MSA is the third largest market in Tennessee after Nashville and Memphis and currently has a population of approximately 880,000 residents. The local economy centers primarily around economic hubs created by the University of Tennessee and Great Smokey Mountain tourism. The University of Tennessee has nearly 29,000 students and 6,500 employees and it is estimated the school has a $1.7 billion dollar impact on the state's economy. The Great Smokey Mountain tourism includes nearby Pigeon Forge and Dollywood park, which hosts approximately 3 million tourists in a season. 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 operating 39 locations throughout six (6) southeastern states, is the largest Krystal franchisee in the system and is headquartered in Chattanooga, TN. The Krystal Company currently owns and franchises a total of 364 restaurants throughout 11 southern states and is the 2nd oldest QSR in the country (founded in 1932).