1638 Watson BlvdWarner Robins, GA 31093

Property Details for 1638 Watson Blvd

Year built

1965

Construction

STEEL FRAME

Lot size

0.52 AC

Property size (Sq ft)

2,058 SF

Zone code

C2

Property type

Retail properties

Property subtype

Drive through restaurants

APN

0W038J 003000

APU

0W038J003000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $384,795

  6.5%

  $355,195

  7%

  $329,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,011,612

  Geo Method

  $1,011,612

• Alternative Use

  Use

  Valuation

  Residential

  $299,621

  Hospitality

  $274,451

  Educational

  $228,340

  Medical

  $236,193

  Retail

  $355,195

Location Insight

City

Warner Robins

County

Houston

State

Georgia

Latitude

32.6186

Longitude

-83.6311

CBSA code

47580

CBSA name

WARNER ROBINS, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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