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Views: 44 DOM: 122 Updated: 07.04.24 Posted: 03.12.24 Status: Active

Summary

Price $1,440,000
Built/Renov 1976
Tenant Krystal
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,387
Lease Start 09-21-2012
#Units 300
Price/SF $603.27
Expiration 09-30-2032
Tenant Type Fast Food/QSR
NOI $90,000
R. Term 8.2
Ownership Fee Simple
Rent/SF $37.70
Increases 1.3%/8/yrs
Pop 5Mi 55,238
Lot/AC 0.50
Options 6/5yrs/1.25%
AHHI 5Mi $81,774

Lease Highlights

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

Location Description

Krystal is strategically located on Highway 80, with access to 42,100 vehicles passing by daily. The property boasts excellent accessibility and visibility from Highway 80 (42,100 VPD). Additionally, it enjoys a convenient location within walking distance of Hinds Community College-Rankin Campus, Pearl Elementary & Jr High Schools, Kroger, Harbor Freight Tools, among others. Furthermore, the...

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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 : 5,684 21,490 56,133
2023 Total Population : 5,692 21,251 55,482
2023 Employed Civilian Pop : 2,698 10,164 24,622
2023 Total Businesses : 157 1,219 4,534
2023 Average Household Income : $ 65,482 $ 65,719 $ 82,191
2023 Total Consumer Spending : $ 128 M $ 489 M $ 1533 M
2023 Median Age : 37 36 37
2023 Total Households : 2,237 8,517 21,547
2023 Pop Age 25+: Bachelor's Degree : 607 2,092 8,757
2023 Average Home Value : $ 165,749 $ 171,963 $ 232,060
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 80 Pruitt Ln 2018 19,000 0.04 mi
Old Brandon Rd Story Book Ln 2009 7,400 0.17 mi
Old Brandon Road E Meade St 2021 5,700 0.17 mi
Old Brandon Road Story Book Ln 2018 5,800 0.17 mi
Hwy 80 E Pruitt Ln 2009 22,000 0.28 mi
Marilyn Drive Ann Dr 2021 1,500 0.34 mi
Trojan Drive Dorian Dr 2021 240 0.47 mi
King Drive Virginia St 2021 760 0.50 mi
Old Brandon Road Old Brandon Rd 2018 1,400 0.57 mi
S Fox Hall Rd Shelton St 2009 2,400 0.58 mi

Listing Broker

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