Krystal Bankruptcy
Manage episode 309333387 series 3031258
Krystal Bankruptcy and Thoughts on QSR / Fast Food NNN deals.
As you probably know, Krystal has filed Chapter 11 Bankruptcy.
If you are a Krystal Landlord, explore joining the creditor group, re-tenanting options or possible sale here: https://www.1031navigator.com/krystal
Thoughts on Krystal Bankruptcy:
- single tenant triple net deal, what is important: tenant credit & strength of real estate
- Why we bought Krystal: revenue, long term absolute net but at the end of day the real estate matters
- beware of debt
- what you paid for the property matters
- if something happens to the tenant what is the risk?
- strength of tenant matters
- tenant/store sales and financial reporting matters!
- monitor the tenant during ownership
- any warning signs?
- tenant news using google alerts
- property inspectors
- store manager relationships
- location, location, location matters! even though it is leased, it is still real estate!
- re-tenanting
If you are a Krystal Landlord, explore joining the creditor group, re-tenanting options or possible sale here: https://www.1031navigator.com/krystal
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