KRYSTAL | PASCAGOULA, MS

The subject property is a 2,290-square-foot Krystal with a dedicated drive-thru located in Pascagoula, Mississippi, which is approximately 35 miles south of Mobile. The lease includes five percent rent increases every 5 years with the next increase slated to occur in June of 2027. Krystal has six 5-year renewal options thereafter. The lease is absolute net providing for zero landlord responsibilities.
The Krystal Company, which was established in 1932, is the 2nd Oldest QSR chain in the country with approximately 300 locations throughout the highly desirable Southeast Region. Krystal Company, which merged with SPB Hospitality in 2023, is owned by Fortress Investment Group which purchased both concepts in 2020. The global investment manager has roughly $45.8 billion of assets under management and has plans to grow Krystal into a more mainstream quick-service restaurant.
The subject property is prominently positioned along Denny Avenue (Highway 90), the area’s main retail and traffic corridor serving over 27,090 vehicles daily. Krystal benefits from its location adjacent to Singing River’s Pascagoula Hospital, which is one of the largest employers on the Mississippi Gulf Coast. The 25-acre full-service hospital includes 435 beds, and over 3,000 employees, and generates more than $367 million in annual revenue. Additionally, Krystal is positioned in a prominent retail corridor adjacent to large format retail such as Walmart Supercenter, Lowe’s Home Improvement, Office Depot, and Big Lots! Additional traffic generators in the immediate area exemplifying the strength of the market for quick service concepts include Raising Canes, McDonald’s, Wendy’s, Hardee’s, Popeyes, Taco Bell, and many others.
Pascagoula is the leader in Mississippi’s industry with an unprecedented economic impact exemplifying the strength of the market. Located just minutes from the Port of Pascagoula, this full-service deep-water port featuring modern facilities handles over 32 million tons of cargo from around the world, which ranks in the top 20 in the U.S. Additionally, Pascagoula is home to Chevron’s largest U.S. refinery with a direct local economic impact of $963.5 million in 2023. Ranked the most diverse place to live in Mississippi in 2023 by Niche with its stunning natural beauty, friendly people, affordable housing, and economic opportunities, it’s no wonder that Pascagoula is such a special place.