1006 280 Byp - Fast Food FOR SALE


Phenix City, AL 36867
$3,226,280 USD
205-807-6554
1006 280 Byp, Phenix City, AL for Sale
$3,226,280 USD
Fast Food - FOR SALE
1/4
null | 5.95% Cap Rate

1006 280 Byp
Phenix City, AL 36867


HIGHLIGHTS

  • 12 Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Krystal Operates 300+ Restaurants in 10 States Throughout the Southeastern U.S.
  • Krystal Recently Merged with SPB Hospitality, a Leading Operator and Franchisor of Full-Service Dining Restaurants with a Portfolio of 500+
  • Annual Rental Increases with Multiple Renewal Options
  • Growing Trade Area in the Columbus, GA MSA with 102,659 Residents within a 5-Mile Radius
  • Excellent Frontage and Accessibility Along U.S. Highway 280 (37,270+ Cars per Day), a Major Connector for the Columbus/Phenix City Region

OVERVIEW

Krystal is an American regional fast food restaurant chain headquartered in Dunwoody, Georgia, with restaurants in the Southeastern United States and Puerto Rico. It is known for its small, square hamburgers, called sliders in places other than the Southeast, with steamed-in onions. Krystal has expanded to 10 states with nearly 300 restaurants. Phenix City is located in Lee and Russell counties in eastern Alabama and is the county seat of Russell County. The city is home to approximately 40,000 residents. It lies directly across from Columbus, Georgia, and is part of the Columbus, GA-AL Metropolitan Statistical Area.

FOR SALE DETAILS

PRICE

$3,226,280 USD

PRICE/SF

$1,508 USD /SF

CAP RATE

5.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Krystal - Corporate Abs NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

O

APN/PARCEL ID

05-05-16-04-001-001.001

ASK ABOUT THIS PROPERTY

Eddie GreenhalghMarcus & MillichapMore Info
205-807-6554

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Eddie GreenhalghMarcus & MillichapMore Info
205-807-6554

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.