32084 Archives | Sands Investment Group

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