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Views: 31 DOM: 76 Updated: 05.06.24 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 8.4
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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Maps

  • 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

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