April 7, 2022 – Rob DiFranco of Horvath & Tremblay has successfully completed the sale of a Krystal in Tullahoma, Tennessee. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $641,000.
Krystal is located at 1300 N Jackson Street in Tullahoma, Tennessee. The stand-alone building consists of 1,254 square feet on 0.40-acres of land. Krystal executed a 15-year Absolute NNN Lease with three (3), 5-Year renewal options. The lease calls for attractive 1.0% annual rent increases beginning in the sixth lease year and continuing throughout the renewal options. The Property is operated by one of the largest and longest-standing franchisees in the Krystal system with approximately forty-four units. Krystal is well located along N Jackson Street, the area’s primary commercial and commuter corridor that sees more than 21,400 vehicles per day. The Property is surrounded by national retailers and is across the street from CVS and less than 0.5-miles from a Publix anchored center and a Kroger anchored center, the area’s two primary grocery stores. Tullahoma is ranked as the #1 “Micropolitan” city in the state of Tennessee based on economic strength factors. They are a business-friendly community with regulatory and support mechanisms geared toward nurturing growth of existing business and development opportunities for newcomers.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.