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Property profile & analytics
OFF-MARKET Estimated value $770,000
Drive through restaurants

1638 Watson Blvd Warner Robins, GA 31093-3430

2,058 SF 0.52 ac lot Built 1965
Entity Owned 1-yr Hold Free & Clear
Property ID
US22-4619150
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1965
Construction STEEL FRAME
Total area 2,058 SF
Lot 0.52 ac (22,651 SF)
Zoning code C2
APN 0W038J 003000
UPID US22-4619150
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Krystal Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$656k
Blend (final) Blend
$770k
Owner & transaction history
Gem Asset Holdings LLC · 1 yrs held
Gem Asset Holdings LLC
since 2024
Last sale
$825,000
3 recorded transactions
2024
$825,000
2017
Price N/A
2007
$472,500
Zoning & alternative use
C2 · Warner Robins, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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