197 Madison Square Dr - Fast Food FOR SALE
Madisonville, KY 42431 |
$1,734,429 USD
310-558-2029
197 Madison Square Dr
Madisonville, KY 42431
HIGHLIGHTS
- A Subsidiary of Tasty Restaurant Group (TRG), a Strong 161-Unit Corporate Guarantee From Tasty Chick'n Premier Franchise Operator
- Operating Under the Globally Recognized KFC Brand, This Location Benefits From TRG's Extensive Experience
- The Lease Features 1.5% Annual Rental, Throughout the Initial Term, and in the Option Periods, Steadily Increasing NOI and Hedging Against Inflation
- Located on Hwy 41 N. This KFC Benefits From High Visibility and Significant Traffic, With Over 24,000 Vehicles Passing Daily
- The Property is Strategically Located Near Deaconess Henderson Hospital, Which Employs Over 500 Healthcare Professionals
- The Location is Part of a Well- Established Commercial Corridor, Surrounded By National and Regional Retailers such as Walmart
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,164 SF KFC Located at 197 Madison Square Drive in Madisonville, KY. This Deal Includes a 19-Year Absolute Triple Net (NNN) Lease, 1.5% Annual Increases, and a Strong 161-Unit Corporate Guarantee Backed By Tasty Chick'n Southeast, LLC, a Subsidiary of Tasty Restaurant Group (TRG), Delivering Reliable, Long-Term Cash Flow Backed By a Strong Corporate Guarantee.
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
FOR SALE DETAILS
PRICE
$1,734,429 USD
PRICE/SF
$281 USD /SF
CAP RATE
6%
% 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
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