Krystal

2863 Pio Nono Avenue, Macon, GA 31206

$1,520,000

Cap Rate 6.25%

Views: 61 DOM: 137 Updated: 07.04.24 Posted: 03.12.24 Status: Active

Summary

Price $1,520,000	Built/Renov 1962	Tenant Krystal
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 2,114	Lease Start 09-21-2012	#Units 300
Price/SF $719.02	Expiration 09-30-2032	Tenant Type Fast Food/QSR
NOI $95,000	R. Term 8.2	Ownership Fee Simple
Rent/SF $44.94	Increases 1.3%/8/yrs	Pop 5Mi 84,189
Lot/AC 0.50	Options 6/5yrs/1.25%	AHHI 5Mi $59,365

Lease Highlights

Krystal has 8+ years remaining on the current lease term with 6 (5-year) options to extend
The lease features 1.25% annual rental escalations throughout each option period
 Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Krystal is strategically located on Pio Nono Avenue, with access to 18,630 vehicles passing by daily. This prime location provides convenient access and high visibility from Eisenhower Parkway (44,850 VPD). Additionally, it is positioned within close proximity to Central Georgia Technical College, Lowe’s, Applebee’s, and Havertys Furniture. The nearby Macon Mall is currently undergoing...

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Key Features

In location for years
Dense retail corridor
Near major nationals
Freeway close
Major MSA
Long operation history
Absolute NNN
Annual rent increases
Corporate Guarantee
Over 100 Units backed

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Links

Krystal Wikipedia Krystal Wikipedia Macon, Georgia Zip Code 31206 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Krystal
Guarantor:Corporate
Company:SPB Hospitality
# Units:300
Stock:Private

About Tenant

Krystal is an American regional fast food restaurant chain known for its small, square hamburgers, called sliders in places other than the Southeast, with steamed-in onions. The company has an...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,504	48,198	82,616
2023 Total Population :	7,668	48,480	83,261
2023 Employed Civilian Pop :	2,300	16,062	29,822
2023 Total Businesses :	218	2,686	4,205
2023 Average Household Income :	$ 39,238	$ 49,694	$ 59,268
2023 Total Consumer Spending :	$ 105 M	$ 839 M	$ 1747 M
2023 Median Age :	35	34	35
2023 Total Households :	3,035	19,111	33,536
2023 Pop Age 25+: Bachelor's Degree :	240	2,612	6,264
2023 Average Home Value :	$ 73,921	$ 151,516	$ 184,059

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Pio Nono Avenue	Williamson Rd	2019	14,700	0.14 mi
Pio Nono Avenue	Hightower Rd	2019	18,800	0.19 mi
Eisenhower Parkway	Anthony Ter	2018	23,300	0.39 mi
Eisenhower Parkway	Anthony Ter	2019	14,100	0.39 mi
Eisenhower Pkwy	Anthony Ter	2016	23,300	0.41 mi
	Maple St	2019	2,360	0.41 mi
Eisenhower Parkway	Laveta Dr	2018	26,600	0.41 mi
Eisenhower Parkway	Laveta Dr	2019	21,700	0.41 mi
I- 75	Hightower Rd	2019	2,600	0.43 mi
Pio Nono Avenue	Holly St	2019	17,200	0.45 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

161 Listings
14134 Views
19 Sold

Aron Cline

Berkeley Capital Advisors

Contact

154 Listings
13587 Views
17 Sold

Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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