1638 Watson Blvd, Warner Robins, GA 31093-3430
- Drive through restaurants
- 2,058 SF
- 0.52 lot acres
Current Use by Public Records
- Krystal / Restaurant / Take-out & Catering
Property Details for 1638 Watson Blvd
- Year built
- 1965
- Construction
- STEEL FRAME
- Lot size
- 0.52 lot acres
- Zone code
- C2
- Property type
- Drive through restaurants
- APN
- 0W038J 003000
- APU
- 0W038J003000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 14, 2024 | $825,000 | Gem Asset Holdings LLC | Preferred Premium Properties LLC | Limited Warranty Deed | — |
| Nov 16, 2017 | — | Premium Properties LLC | — | Deed · related | $4.5M · Entegra Bank |
| Aug 28, 2007 | $472,500 | Preferred Premium Props LLC | 3737 Corp | Warranty Deed · related | $473k · Ge Com'l Finance Business Prop |
Description
This exceptional investment opportunity presents a 2,093-square-foot Krystal restaurant in Warner Robins, Georgia, boasting a prime location on Watson Boulevard, a major retail corridor with over 25,481 vehicles daily. The property features a dedicated drive-thru and benefits from its proximity to Robins Air Force Base, Houston Healthcare Medical Center, and City Crossing Shopping Center, ensuring high visibility and consistent customer traffic. The property, built in 1965 and renovated in 2016, is offered under a Net Lease (NNN) structure with zero landlord responsibilities. The current 15-year lease, commencing June 1, 2017, and expiring June 1, 2032, has approximately 7.5 years remaining, including six 5-year renewal options. The lease includes a 5% rent increase every five years, with the next increase scheduled for June 2027. The asking price is $933,353, representing a 6.50% cap rate and a price per square foot of $445.94. The 0.76-acre lot houses a single-story building with 100% occupancy. Krystal, established in 1932, is the second-oldest quick-service restaurant chain in the US, with approximately 300 locations across the Southeast. The property's strong performance, long-term lease, and strategic location make it an attractive investment opportunity in a densely populated area with over 98,133 residents within a five-mile radius. The tenant invested approximately $170,000 in renovations between 2015 and 2016. This established business enjoys a 35+ year operating history at this location.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $656,000
Market price range: $155k - $1.04M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Warner Robins
- County
- Houston
- State
- Georgia
- Longitude
- -83.6311
- Latitude
- 32.6186
- CBSA code
- 47580
- CBSA name
- WARNER ROBINS, GA METROPOLITAN STATISTICAL AREA
