Krystal

Recent Capital Improvements (2023 Renovation) – Property has been upgraded to align with modern building standards and codes, enhancing long-term asset quality and operational efficiency.
Proximity to Major Demand Driver – Strategically located just 4 miles from the University of Tennessee, the state’s largest university with over 38,000 students. The university has experienced one of the highest post-COVID enrollment increases in the region.
Absolute NNN Lease – Zero landlord responsibilities under a true absolute net lease structure, offering passive income and minimal management burden.
Long-Term Lease Security – Over eight (8) years remaining on the initial lease term, providing stable, predictable cash flow.
Experienced and Scaled Operator – Tenant is WAC Enterprises, Inc., the largest operator in the Krystal system, with 92 locations across the Southeastern U.S., underscoring operational strength and credit stability.
Contractual Rent Escalations – 1% annual rental increases during the primary term and throughout each renewal option, enhancing yield and providing a hedge against inflation.

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