Morrow, GA - Krystal
$1,361,000
6405 Jonesboro Road, Morrow, GA 30260
6
Cap Rate
81,671
NOI
Details:
Description:
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in the Krystal located at 6405 Jonesboro Road in Morrow, Georgia. Krystal has operated at the site for nearly five decades, with the property undergoing a complete scrape-and-rebuild in 2019 as part of Krystal’s “Iconic Series” prototype program. The 1,788-square-foot drive-thru restaurant is situated on approximately 0.58 acres and is subject to an absolute NNN lease with no landlord responsibilities. The lease extends through May 31, 2040 and features 2% annual Base Rent increases, providing consistent NOI growth and an inflation hedge. The site’s long operating history, modern drive-thru configuration and recent reinvestment support the long-term value of the underlying real estate.
The subject property is strategically positioned along Jonesboro Road in the heart of Morrow’s primary retail corridor, approximately 14 miles south of Downtown Atlanta. The site benefits from proximity to Southlake Mall, Walmart Supercenter, Sam’s Club, Costco Business Center, The Home Depot, Burlington, T.J. Maxx, PetSmart, Publix and AMC, creating a strong concentration of national retail and consistent consumer draw. According to Placer.ai, the subject ranks #5 of 94 Krystal locations in Georgia and #35 of 272 nationwide, placing it in the top 5% statewide and top 13% nationally by visits. The trade area includes approximately 77,468 residents within three miles and 188,390 within five miles, along with more than 62,000 employees within five miles. The property also benefits from its location near Hartsfield-Jackson Atlanta International Airport, one of the world’s busiest passenger airports and a major regional employment and economic driver. Convenient access to Interstates 75 and 285, combined with the property’s drive-thru configuration and 0.58-acre fee-simple site, further supports the long-term value of the underlying real estate.
Location
Gallery
