For Sale
$933,353

1638 Watson BlvdWarner Robins, GA 31093

Georgia QSR, Net Lease, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2,093-square-foot Krystal restaurant in Warner Robins, Georgia, boasting a prime location on Watson Boulevard, a major retail corridor with over 25,481 vehicles daily. The property features a dedicated drive-thru and benefits from its proximity to Robins Air Force Base, Houston Healthcare Medical Center, and City Crossing Shopping Center, ensuring high visibility and consistent customer traffic. The property, built in 1965 and renovated in 2016, is offered under a Net Lease (NNN) structure with zero landlord responsibilities. The current 15-year lease, commencing June 1, 2017, and expiring June 1, 2032, has approximately 7.5 years remaining, including six 5-year renewal options. The lease includes a 5% rent increase every five years, with the next increase scheduled for June 2027. The asking price is $933,353, representing a 6.50% cap rate and a price per square foot of $445.94. The 0.76-acre lot houses a single-story building with 100% occupancy. Krystal, established in 1932, is the second-oldest quick-service restaurant chain in the US, with approximately 300 locations across the Southeast. The property's strong performance, long-term lease, and strategic location make it an attractive investment opportunity in a densely populated area with over 98,133 residents within a five-mile radius. The tenant invested approximately $170,000 in renovations between 2015 and 2016. This established business enjoys a 35+ year operating history at this location.

Highlights

  • Net-leased Krystal restaurant with approximately 7.5 years remaining on a 15-year lease, including six 5-year renewal options.
  • 5% rent increases every five years, next increase in June 2027.
  • Prime location on Watson Boulevard in Warner Robins, GA, with over 25,481 vehicles daily, near Robins Air Force Base, Houston Healthcare, and City Crossing Shopping Center.
  • 2,093 square feet, built in 1965, renovated in 2016; $933,353 asking price, representing a 6.50% cap rate and $445.94 per square foot.
  • 0.76-acre lot with a single-story building and 100% occupancy; Krystal invested approximately $170,000 in renovations between 2015 and 2016.

Property Details for 1638 Watson Blvd

Property type
Retail properties, Restaurants
Square Feet
2,093 SF
Year Built/Renovated
1965/2016
Stories
1

Location Insight

City
Warner Robins
County
Houston
State
Georgia
Latitude
32.6185568
Longitude
-83.6310796
1638 Watson Blvd, Warner Robins, Georgia

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1638 Watson Blvd
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