Krystal | St. Augustine, FL

Sands Investment Group is Pleased to Present Exclusively For Sale the Krystal Long Term Investment Located at 2370 State Road 16 in St. Augustine, Florida.

  • Absolute Triple Net Lease (NNN) – Zero Landlord Responsibilities
  • Long-Term Investment Opportunity With 13 Years Remaining and 1% Annual Rent Increases
  • Store Had Significant Improvements and Renovations in 2017 Including Remodel to New Krystal Concept
  • Strong Rent to Sales Ratio – 11.10%
  • Corporate Guarantee – The Krystal Company
  • Krystal is the Second Oldest Fast Food Restaurant (Founded in 1932) and is the Southeast’s Longest-Standing QSR Chain and Has Over 227 Corporately Owned Units – Over 360 Stores Total
  • High Barriers to Entry
  • Extremely High Growth Trade Area – Population Growth Projected at Almost 20% in a 5-Mile Radius and Projected 3.71% Annual Growth Trade in Next 5 Years
  • Located Directly Off Exit 318 on Interstate 95 (61,900 VPD) and at the Gateway to Downtown St. Augustine – Exit 318 is the First Major Commercial Exit For Southbound Traffic Traveling Into St. Augustine and Last Exit Leaving St. Augustine Traveling North
  • Less Than 1-Mile From St. Augustine Premium Outlets and St. Augustine’s Indoor Mall
  • Target Demographic Area For Krystal
  • Charles Usinas Memorial Highway (State Road 16) Sees Over 33,100 VPD
  • Corridor Has Become Hub For Multiple Car Dealerships Including Harley Davidson, Gander RV, Ford, Lincoln, Cadillac; as Well as Multiple Hotels Including La Quinta Inn & Suites, Fairfield Inn & Suites, Howard Johnson, Smart Stay Hotel and Hampton Inn
  • Close Proximity to Major Tourist Attraction – St. Augustine Aquarium
  • Dense Retail Corridor With Select National Neighboring Tenant’s Which Include: Discount Tire, McDonald’s, Dairy Queen, Starbucks, Burger King, Wendy’s, IHOP, Ruby Tuesday, Cracker Barrel, Taco Bell and More

In Cooperation With SIG RE Services, LLC – Lic. # CQ1055229

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