February 24, 2022 – Zach Smith of Horvath & Tremblay has successfully completed the sale of a Krystal in Augusta, Georgia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,864,077.
Krystal is located at 3172 Deans Bridge Road in Augusta, Georgia. The stand-alone building consists of 2,088 square feet on 1.18-acres of land. Krystal has 15+ years remaining on their Triple Net Lease with two, 5-Year renewal options. The lease calls for attractive 8.0% rent increases every five years throughout the base term and renewal options. Krystal is well located along Deans Bridge Road, one of the area’s primary commercial corridors, adjacent to the signalized intersection with Georgetown Drive. The Property is across the street from a Walmart Supercenter and enjoys close proximity to several area schools, including the Glenn Hills High School. Located at the signalized intersection of Exchange Street and Dabney Road, the area’s primary commercial corridor. The Property enjoys outstanding visibility and signage along Deans Bridge Road, which sees more than 32,000 vehicles per day, and is 500 feet from Interstate 520.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.