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Krystal | Corp Abs NNN w/ Annual Increases 6405 Jonesboro Rd 1,788 SF Retail Building Morrow, GA 30260 $1,361,000 ($761.19/SF) 6% Cap Rate
Investment Highlights
- Corporate Tenant | Long-Term Lease | Annual Rental Growth
- Top-Performing Krystal Location | Strong Consumer Demand
- Established Jonesboro Road Retail Corridor | National Retail Synergy
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Krystal Prototype Location | Complete 2019 Scrape & Rebuild
- Strong Demographics | Dense Residential & Employment Base
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in the Krystal located at 6405 Jonesboro Road in Morrow, Georgia. Krystal has operated at the site for nearly five decades, with the property undergoing a complete scrape-and-rebuild in 2019 as part of Krystal’s
“Iconic Series” prototype program. The 1,788-square-foot drive-thru restaurant is situated on approximately 0.58 acres and is subject to an absolute NNN lease with no landlord responsibilities. The lease extends through May 31, 2040 and features 2% annual Base Rent increases, providing consistent NOI growth and an inflation hedge. The site’s long operating history, modern drive-thru configuration and recent reinvestment support the long-term value of the underlying real estate.
“Iconic Series” prototype program. The 1,788-square-foot drive-thru restaurant is situated on approximately 0.58 acres and is subject to an absolute NNN lease with no landlord responsibilities. The lease extends through May 31, 2040 and features 2% annual Base Rent increases, providing consistent NOI growth and an inflation hedge. The site’s long operating history, modern drive-thru configuration and recent reinvestment support the long-term value of the underlying real estate.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,788 SF
Building Class
B
Year Built
2019
Price
$1,361,000
Price Per SF
$761.19
Cap Rate
6%
NOI
$81,671
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.58 AC
Zoning
BG
Parking
17 Spaces (9.51 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Krystal was established in 1932 in Chattanooga, Tennessee, during the Great Depression by Rody Davenport Jr. and J. Glenn Sherrill. The founders believed people would support a clean restaurant offering quality food at low prices. The chain became famous for its small, square hamburgers called sliders and Southern comfort food. Krystal expanded throughout the Southeastern United States and now operates as a subsidiary of SPB Hospitality. The company continues to serve its signature steamed-onion burgers alongside breakfast items, chicken, and desserts across numerous locations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-0114C-00A-003 | Improvements Assessment | $460,040 |
| Land Assessment | $94,600 | Total Assessment | $554,640 |
Property Taxes
Parcel Number
12-0114C-00A-003
Land Assessment
$94,600
Improvements Assessment
$460,040
Total Assessment
$554,640
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