Krystal

1820 Highway 72, Corinth, MS 38834

$1,257,000

Cap Rate 7.00%

Views: 88 DOM: 179 Updated: 09.05.24 Posted: 03.12.24 Status: Active

Summary

Price $1,257,000	Built/Renov 2007	Tenant Krystal
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 2,237	Lease Start 04-23-2013	#Units 300
Price/SF $561.91	Expiration 12-31-2033	Tenant Type Fast Food/QSR
NOI $88,000	R. Term 9.3	Ownership Fee Simple
Rent/SF $39.34	Increases 1.0%/9/yrs	Pop 5Mi 20,106
Lot/AC 0.78	Options 6/5yrs/1%	AHHI 5Mi $66,637

Lease Highlights

Krystal has 9+ years remaining on the current lease term with 6 (5-year) options to extend
The lease features 1% annual rental escalations throughout each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Krystal is strategically located on Highway 72, with access to a high daily traffic count of 44,750 vehicles. Situated within the primary retail corridor, the site provides convenient access to well-known national retailers including Walmart Supercenter, Lowe’s, Belk, Hobby Lobby, Marshalls, and more. Furthermore, it is approximately 1.5 miles from Corinth High School, which has an enrollment...

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Key Features

Build to suit
Major thoroughfare
Dense retail corridor
Shopping Ctr out-parcel
Freeway close
Hospital close
Absolute NNN
Annual rent increases
Corporate Guarantee
Over 100 Units backed

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Links

Krystal Wikipedia Krystal Wikipedia Corinth, Mississippi Zip Code 38834 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 :	1,067	12,563	19,651
2023 Total Population :	1,069	12,864	20,192
2023 Employed Civilian Pop :	227	5,137	8,206
2023 Total Businesses :	218	883	1,064
2023 Average Household Income :	$ 38,934	$ 61,707	$ 66,594
2023 Total Consumer Spending :	$ 17 M	$ 301 M	$ 501 M
2023 Median Age :	42	40	41
2023 Total Households :	491	5,533	8,518
2023 Pop Age 25+: Bachelor's Degree :	14	1,750	2,680
2023 Average Home Value :	$ 74,536	$ 147,491	$ 159,225

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South Harper Road	Liddon Lake Rd	2021	13,000	0.20 mi
	S Harper Rd	2018	23,000	0.21 mi
	Liddon Lake Rd	2021	21,000	0.23 mi
	Salem Rd	2021	20,000	0.32 mi
Hamilton Circle	Skylark Dr	2021	220	0.37 mi
South Harper Road	S PkwySt	2021	9,400	0.45 mi
Frazier Drive	S PkwySt	2021	190	0.50 mi
South Parkway Street	Droke Rd	2021	3,300	0.55 mi
Droke Road	Clark St	2021	1,900	0.64 mi
Droke Road	S Young St	2018	1,600	0.67 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

168 Listings
18037 Views
20 Sold

Calvin Short

Berkeley Capital Advisors

Contact

175 Listings
18660 Views
22 Sold

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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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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