The property is ideally positioned adjacent to Tyson McGhee Airport, with an estimated $1B annual economic impact on the local economy. This is a seasoned location has great visibility on Alcoa Highway with traffic counts exceeding 54,000 daily. The five mile population of 48,000 has grown by 12 percent since 2000.
Krystal’s has a long history in the Southeast and Knoxville in particular. The subject property has approximately 11 years remaining on their original lease term with four, five year option periods. See the rent chard on the executive summary for the contractual rent increases. This property is suitable for a national buyer pool due to the absolute triple net structure of the lease which requires zero landlord responsibility.