Krystal Drive-Through
For Sale
$930,000
2404 Jacksboro Pike, La Follette, TN 37766
NNN lease with annual increases, extended base term, and multiple renewal options.
Property Size840 SF
Price / SF$1,107
Days on Market47
Property Features for 2404 Jacksboro Pike
General Information
Standard status
Active
Size
840 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Additional Details
Cap Rate
5.75%
Road Access
Yes
Amenities
Lease - 16.5 Years Remaining on Base Term - 1% Annual Rental Increases - NNN – NO Landlord Responsibilities - Four, 5-Year Options - Strong Guarantee – WAC Enterprises
Strong Operator / Guarantee - WAC Enterprises is the first ever and largest franchisee of Krystal with 96 locations - Wayne and Carolyn Hale founded WAC Enterprises in 1989
Great Real Estate Fundamentals - Good access going both directions on Jacksborro Pike, which sees XXXX cars per day - Surrounded by national tenants including Walmart, Lowe's, McDonald's, Starbucks
Building Details
Building Size
840 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap
Listed By:
Reid Thedford · License #License(s): FL: SL3442474
(813) 387-4726
Source:
Marcusmillichap
Added: Aug 8
Changed: Sep 19
Last Checked: Sep 22 at 12:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
This Krystal drive-through restaurant at 2404 Jacksboro Pike is leased under an NNN structure with no landlord responsibilities identified in the listing. The lease includes 16.5 years remaining in the base term, 1% annual rental increases, and four 5-year extension options. A guarantee from WAC Enterprises is also stated.
The property has access in both directions along Jacksboro Pike and is positioned among national retailers and restaurant operators, including Walmart, Lowe’s, McDonald’s, Starbucks, Dunkin’, Taco Bell, Bojangles, Zaxby’s, Burger King, Jersey Mike’s, Walgreens, and O’Reilly Auto Parts. The site is located in Lafollette, Tennessee.
The property has access in both directions along Jacksboro Pike and is positioned among national retailers and restaurant operators, including Walmart, Lowe’s, McDonald’s, Starbucks, Dunkin’, Taco Bell, Bojangles, Zaxby’s, Burger King, Jersey Mike’s, Walgreens, and O’Reilly Auto Parts. The site is located in Lafollette, Tennessee.
Key Highlights
- 16.5 years remaining on the base lease term
- NNN structure with no landlord responsibilities
- 1% annual rental increases
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
188k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 18%
Apparel 17%
Groceries 14%
Weigel's
Shops & Services
27,019 visits/mo
0.0 miles
Food City
Groceries
25,910 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
23,803 visits/mo
0.3 miles
Bealls
Apparel
18,679 visits/mo
0.4 miles
Wendy's
Dining
15,219 visits/mo
0.3 miles
Demographics for 37766, TN
18,011
Population
9,721
Households
1.9
Avg Household Size
44
Median Age
12%
College-Educated
82%
High-School Grad
137.3 sq mi
ZIP Area
131
Density / Sq Mi
$46,692
Median Household Income
$31,379
Median Earnings
$747
Median Rent
$160,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - NNN lease with annual increases, extended base term, and multiple renewal options.
Where is this drive through restaurant located?
The property is located at 2404 Jacksboro Pike La Follette, TN.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: 16.5 years remaining on the base lease term; NNN structure with no landlord responsibilities; 1% annual rental increases
