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Views: 6 DOM: 2 Updated: 10.16.24 Posted: 10.16.24 Status: Active

Summary

Price $2,028,883
Built/Renov 1984
Tenant KFC
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,925
Lease Start 10-01-2024
#Units 162
Price/SF $693.64
Expiration 09-30-2044
Tenant Type Fast Food/QSR
NOI $121,733
R. Term 19.11
Ownership Fee Simple
Rent/SF $41.62
Increases 1.5%/1/yrs
Pop 5Mi 30,369
Lot/AC 1.50
Options 4/5yrs/1.5%
AHHI 5Mi $65,295

Lease Highlights

  • Brand new 20-year lease with 4 (5-year) options to extend
  • The lease features 1.5% annual rental increases starting year 6 and at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Tasty Chick'n, LLC (162 units backed)

Location Description

KFC is strategically located on Hwy 41 N, with access to 41,109 vehicles passing by daily. The property is conveniently situated near Deaconess Henderson Hospital, which employs over 500 health professionals, and Tyson Foods, a major retail employer with over 1,400 employees. Nearby national tenants include Walmart, Lowe’s, and Kroger. The 5-mile trade area serves a population of 30,369 with...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned...


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Listing Broker

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