197 Madison Square Dr - Fast Food FOR SALE
Madisonville, KY 42431 |
$1,601,011 USD
310-558-2029
197 Madison Square Dr
Madisonville, KY 42431
HIGHLIGHTS
- Operating under the globally recognized KFC brand, this location benefits from TRG’s extensive experience and market presence.
- The lease features 1.5% annual rental increases throughout the initial term and in the option periods, steadily increasing NOI.
- Located on Hwy 69, this KFC benefits from high visibility and significant traffic, with over 20,000 VPD.
- The property is strategically located near Deaconess Madisonville Hospital, which employs over 500 healthcare professionals, and Tyson Foods.
- The location is part of a well-established commercial corridor, surrounded by national and regional retailers such as Walmart, Lowe’s, and Kroger.
- The Madisonville area boasts a population of over 25,000 residents within a 5-mile radius, with an average household income of approximately $71,000.
OVERVIEW
We are pleased to exclusively offer for sale the 6,440 SF KFC located at 197 Madison Square Drive in Madisonville, KY. This deal includes an 18-year Absolute Triple Net (NNN) Lease, 1.5% annual increases, and a strong guarantee backed by Tasty Chick’n Southeast, LLC, delivering reliable, long-term cash flow.
In Cooperation With ParaSell, Inc., A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
FOR SALE DETAILS
PRICE
$1,601,011 USD
PRICE/SF
$260 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC - Madisonville, KY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1972
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.99 AC
LAND SF
43,124 SF
ZONING
COM
APN/PARCEL ID
M-43-2-8A
ASK ABOUT THIS PROPERTY
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310-558-2029
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310-558-2029
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
