Krystal | New 25-Year Sale-leaseback | Income Tax Free State
QSR Signalized Corner Outparcel | 5.75% CAP | 2,830 SqFt
Marketing description
CBRE is pleased to present the exclusive listing for the Krystal located at 505 N Main Street in Crossville, TN. Strategically positioned on the Cumberland Plateau at the intersection of Interstate 40 and U.S. HWY 127, the city benefits from its accessibility, being approximately 60 miles west of Knoxville and 100 miles east of Nashville. The site consists of a 2,830± square foot building situated on a 0.63± acre parcel that benefits from direct frontage to Main Street/U.S. HWY 127. The site will be subject to a 25-year lease commencing at Close of Escrow. Starting in year one, the base rent shall be $72,500. The lease will call for 1% rental escalations each year starting in year 6 and throughout the four (4), five-year renewal option periods (45-year potential total term).
The subject benefits from direct frontage to Main Street (TN HWY 127), which serves as a main arterial retail corridor surrounded by national and local tenants and its position as an out-parcel to an IGA-anchored shopping center.
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.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
