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Krystal | New 25-Year Sale-Leaseback 505 N Main St 2,830 SF Retail Building Crossville, TN 38555 $1,260,869 ($445.54/SF) 5.75% Cap Rate
Investment Highlights
- Grocery-anchored Genesis Square Shopping Center Out-Parcel with Strong frontage at signalized-intersection on the Main Strip
- Tenant will sign a Fresh 25-Year Absolute NNN Lease at Close of Escrow Featuring 1% Escalations beginning year 6
- Direct frontage to N Main Street / U.S. HWY 127 providing excellent visibility, access and exposure to over 16,000+ VPD
- WAC Enterprises (96±Unit Operator) is in a healthy and powerful growth model continuing it’s climb as the first ever and largest franchisee of Krystal
- Highly Functional Rapid Speed Drive-Thru Location
Executive Summary
Investment highlights
Grocery-anchored Genesis Square Shopping Center Out-Parcel with Strong frontage at signalized-intersection on the Main Strip.
WAC Enterprises (96± Unit Operator) is in a healthy and powerful growth model continuing it’s climb as the first ever and largest franchisee of Krystal.
Tenant will sign a Fresh 25-Year Absolute NNN Lease at Close of Escrow Featuring 1% Escalations beginning year 6.
Highly Functional Rapid Speed Drive-Thru Location.
Direct frontage to N Main Street / U.S. HWY 127 providing excellent visibility, access and exposure to over 16,000+ VPD.
Grocery-anchored Genesis Square Shopping Center Out-Parcel with Strong frontage at signalized-intersection on the Main Strip.
WAC Enterprises (96± Unit Operator) is in a healthy and powerful growth model continuing it’s climb as the first ever and largest franchisee of Krystal.
Tenant will sign a Fresh 25-Year Absolute NNN Lease at Close of Escrow Featuring 1% Escalations beginning year 6.
Highly Functional Rapid Speed Drive-Thru Location.
Direct frontage to N Main Street / U.S. HWY 127 providing excellent visibility, access and exposure to over 16,000+ VPD.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,830 SF
Year Built
1997
Price
$1,260,869
Price Per SF
$445.54
Cap Rate
5.75%
NOI
$72,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.63 AC
Frontage
130’ on Main St
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 100J-D-007.00 | Improvements Assessment | $135,160 |
| Land Assessment | $70,000 | Total Assessment | $205,160 |
Property Taxes
Parcel Number
100J-D-007.00
Land Assessment
$70,000
Improvements Assessment
$135,160
Total Assessment
$205,160
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Krystal | New 25-Year Sale-Leaseback | 505 N Main St
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