SOLD – Krystal (Augusta – Washington Rd)

THE OPPORTUNITY

• ​NNN Lease
• ​Zero Landlord Responsibilities
• ​One of the largest Krystal operators with 44 plus units
• ​20 Year Initial Term through 12/1/2037
• ​Rare Krystal 20-year original Term
• ​Krystal operates 610 locations in 49 states and 10 countries
• ​No rent relief requested throughout 2020
• ​8% Rent escalations every 5 years of initial term
• ​Two 5-year options
• ​8% Rent escalations in every renewal

THE HIGHLIGHTS

• ​Property is located on the primary commercial corridor in the Augusta, GA market
• ​Strong traffic counts with over 39,000 cars daily
• ​Large commuter traffic numbers with Interstate 20 traffic counts at 73,460 cars daily
• ​Centrally located to the two largest counties in the Augusta MSA
• ​Close proximity to Interstate 20, 0.6 miles
• ​Located in affluent Augusta suburb with high average household income levels
• ​3 Mile: $92,969
• ​5 Mile: $86,720
• ​Constructed in 2020
• ​Located 2.1 miles from the Augusta National Golf Club, home of the Masters
• ​Located 5 miles from downtown Augusta
• ​Population within 5 miles is 131,887
• ​Augusta MSA is projected to grow by 2.3% over the next 3 years