Krystal

3502 Highway 80, Pearl, MS 39208

$1,286,000

Cap Rate 7.00%

Views: 86 DOM: 179 Updated: 09.05.24 Posted: 03.12.24 Status: Active

Summary

Price $1,286,000	Built/Renov 1976	Tenant Krystal
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 2,387	Lease Start 09-21-2012	#Units 300
Price/SF $538.75	Expiration 09-30-2032	Tenant Type Fast Food/QSR
NOI $90,000	R. Term 8.0	Ownership Fee Simple
Rent/SF $37.70	Increases 1.3%/8/yrs	Pop 5Mi 55,238
Lot/AC 0.50	Options 6/5yrs/1.25%	AHHI 5Mi $81,774

Lease Highlights

Krystal has 7+ year remaining on the current lease term with 6 (5-year) options to extend
The lease features 1.25% annual rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Krystal is strategically located on Highway 80, with access to 42,100 vehicles passing by daily. The property boasts excellent accessibility and visibility from Highway 80 (42,100 VPD). Additionally, it enjoys a convenient location within walking distance of Hinds Community College-Rankin Campus, Pearl Elementary & Jr High Schools, Kroger, Harbor Freight Tools, among others. Furthermore, the...

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Key Features

In location for years
Dense retail corridor
Near major nationals
Strategically located
Highway location
Top 100 MSA
Absolute NNN
Annual rent increases
Corporate Guarantee
Over 100 Units backed

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Links

Krystal Wikipedia Krystal Wikipedia Pearl, Mississippi Zip Code 39208 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Krystal
Guarantor:Corporate
Company:SPB Hospitality
# Units:300
Stock:Private

About Tenant

Krystal is an American regional fast food restaurant chain known for its small, square hamburgers, called sliders in places other than the Southeast, with steamed-in onions. The company has an...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,684	21,490	56,133
2023 Total Population :	5,692	21,251	55,482
2023 Employed Civilian Pop :	2,698	10,164	24,622
2023 Total Businesses :	157	1,219	4,534
2023 Average Household Income :	$ 65,482	$ 65,719	$ 82,191
2023 Total Consumer Spending :	$ 128 M	$ 489 M	$ 1533 M
2023 Median Age :	37	36	37
2023 Total Households :	2,237	8,517	21,547
2023 Pop Age 25+: Bachelor's Degree :	607	2,092	8,757
2023 Average Home Value :	$ 165,749	$ 171,963	$ 232,060

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
US Hwy 80	Pruitt Ln	2018	19,000	0.04 mi
Old Brandon Rd	Story Book Ln	2009	7,400	0.17 mi
Old Brandon Road	E Meade St	2021	5,700	0.17 mi
Old Brandon Road	Story Book Ln	2018	5,800	0.17 mi
Hwy 80 E	Pruitt Ln	2009	22,000	0.28 mi
Marilyn Drive	Ann Dr	2021	1,500	0.34 mi
Trojan Drive	Dorian Dr	2021	240	0.47 mi
King Drive	Virginia St	2021	760	0.50 mi
Old Brandon Road	Old Brandon Rd	2018	1,400	0.57 mi
S Fox Hall Rd	Shelton St	2009	2,400	0.58 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

175 Listings
18639 Views
22 Sold

Aron Cline

Berkeley Capital Advisors

Contact

168 Listings
18015 Views
20 Sold

Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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