Knoxville Retail for Sale - North/Broadway
An 1,953 square foot, free-standing Krystal restaurant with a dedicated drive-thru, backed by a new 20-year lease extension executed in December 2025.
• Corporate Guaranty by WAC Enterprises, Inc. - The lease is backed by WAC Enterprises, Inc., Krystal’s largest and most successful franchisee and the brand’s first franchise operator. WAC Enterprises currently operates 98 locations across six states, including rural East Tennessee, Northeast Alabama, and Northwest Georgia, demonstrating significant scale, experience, and operational strength.
• Early Lease Renewal / Long Term Commitment– A proven operator at this location, the tenant reaffirmed its long-term commitment by executing a 20-year lease extension commencing December 2025, reflecting strong confidence in the site’s continued performance.
• Absolute NNN Lease Structure – Zero landlord responsibilities for operating expenses, maintenance, or capital expenditures.
• Attractive Rent Increases - Built-in 7.5% rent increases every five years throughout the primary term and option periods, offering strong inflation protection.
• Recent Capital Improvements -In 2015/2016, Krystal invested approximately $170,000 in comprehensive interior and exterior building upgrades, followed by additional exterior repainting in 2022—highlighting the tenant’s ongoing commitment to reinvestment and long-term upkeep of the property.
• Established, National QSR Brand - Founded in 1932, The Krystal Company is the second-oldest quick-service restaurant chain in the U.S., with more than 300 locations across the high-growth Southeast.
• 35+ Year Operating History/Committed Tenant - Krystal has successfully operated at this site since 1987. The location was hand-selected by the tenant and developed as a build-to-suit, further reinforcing long-term site viability.
