DEALS

Deals

Krystal (Deans Bridge Road) – Augusta, GA

THE OPPORTUNITY

  • ​NNN Lease
  • ​Zero Landlord Responsibilities
  • ​One of the largest Krystal operators with 44 plus units
  • ​16 years of term remaining
  • ​20-year initial term through 10/31/2037
  • ​Krystal operates 610 locations in 49 states and 10 countries
  • ​No rent relief requested throughout 2020
  • ​No rent relief requested throughout 2020
  • ​8% Rent escalations every 5 years of initial term
  • ​2, 5-year options
  • ​8% Rent escalations in every renewal

THE HIGHLIGHTS

  • ​Property located on one of the primary commercial corridors in the Augusta, GA market
  • ​Strong traffic counts with over 86,000 cars daily
  • ​Dean Bridge Rd: 32,230 ADT
  • ​I-520: 70,919 ADT
  • ​Conveniently located near Fort Gordon, the home of Army Cyber Command and NSA’s regional facility
  • ​Fort Gordon employs over 31,000 military, civilian, and contractor personnel
  • ​Located across from Walmart
  • ​Fast food competitors on the corridor include McDonald’s, Captain D’s, and Popeyes
  • ​Augusta MSA’s Population within 5 miles is expected to grow almost 7% by 2025
  • ​32 total parking spaces (2 handicap)

THE DEAL POINTS

  • Square Feet: 2,088 SF
  • Asking Cap Rate: 5.15% (current) 5.56% (Oct 2022)
  • Asking Price: $1,864,077
  • Year Built/Renovated: 2001
  • NOI: $96,000 (current) $103,680 (Oct 2022)
  • Rental Increases: 8% every 5 years

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