CAP Rate: 6.25%
Net Operating Income: $144,716
Lot Size: 0.62 AC
Year Built/Renovated: 1983/2016
The Kase Group is pleased to present a newly remodeled, absolute NNN leased Krystal Burger in Jackson, MS. The tenant has 1.25% annual increases and six, 5-year options.
The lease is guaranteed by The Krystal Company, an 86-year-old hamburger chain with 356 units across 11 Southeastern states. Krystal is the Southeast’s longest-standing quick service restaurant chain and the second oldest in the United States. Krystal boasts over a sales volume of $421.2 million. This is a rare opportunity to own an excellent net lease deal with zero landlord obligations.
Jackson is the capital city of Mississippi. The statewide Mississippi Freedom Trail runs through the city, encompassing a number of historic sites that were significant in the civil rights movement. These include the Medgar Evers Home Museum and the landmark Mississippi State Capitol building. In leafy LeFleur’s Bluff State Park, the Mississippi Museum of Natural Science includes an aquarium and nature trails.