Overview

Description

Sperry CGA Silverfish CRE is pleased to present this exclusive listing of a freestanding Krystal
Restaurant located at 2383 West Us Highway 90 in Lake City, FL. The site constructed in 2005
consists of 2,369 rentable square feet of building space and sits on an approximately 0.65 acre
parcel of land. The starting base rent shall be $94,629 with 1.25% annual increases. There are five
five-year tenant renewal options with 1.25% annual rental increases in each of the five-year
option periods, extending the total possible lease term to 35 years. The subject property has
displayed strong performance throughout its history in Lake City, as a result, The Krystal
The company has recently added this store to its portfolio.

Located in Lake City on busy US Highway 90 in a trade completely redeveloped in the last 36 months. The subject property is one mile from Interstate 75 in front of TJ MAXX and BW-3.

Highlights

• Absolute NNN
• Direct Frontage on US 90
• Lake City is Growing into a Distribution Hub
• The Trade Area is Almost Entirely Redeveloped into New Corporate Stores
• 1.25% Annual Rent Escalations Throughout 15-Year Term and Option Years
• Tenant Renewal Options: Five (5), Five-Year Options
• Recently Acquired Operations by The Krystal Company
• Corporately Guaranteed Lease by The Krystal Company

Documents

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