Macon, GA - Krystal Burgers

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Krystal Burgers investment property located in Macon, Georgia. The tenant, Krystal Burgers, has ±7-Years remaining on their original 20-Year lease with 6 (5-Year) options to extend, demonstrating their commitment to the site. The lease features no rental increases during the initial term and 1.25% annual rental increases during each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Krystal is located near the signalized, hard corner intersection of Pio Nono Ave and Eisenhower Pkwy, combining to average over 43,800 vehicles passing by daily. Eisenhower Pkwy, is a major retail thoroughfare serving the city of Macon. The Krystal is located within walking distance to a Shopping Center on Eisenhower Pkwy that is anchored by a SuperValue Foods Market that also features national/credit tenants including a Dollar Tree, Metro by T-Mobile, Home Outlet, and more. The asset is located 3-miles from a 250,000+ square foot shopping center located on Presidential Pkwy with many national/credit tenants, including a Kroger, Best Buy, Ross, Aldi, Home Depot, Guitar Center, Dicks Warehouse and more. The Krystal Burgers is located only 1-mile from Macon Mall which is anchored by Burlington and Finish Line, with many other national and local tenants. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Burger King, Starbucks, Krispy Kreme, O’Reilly Auto Parts, McDonalds, Wendy’s, Sonic, Taco Bell, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 81,947 and 48,896 employees with an average household income of $58,413.