loader
Join Free
Views: 61 DOM: 36 Updated: 11.11.24 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 19.10
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...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity