30019 Highway 110 - Restaurant FOR SALE
Ardmore, TN 38449 |
$2,025,000 USD
614-360-9036
30019 Highway 110
Ardmore, TN 38449
HIGHLIGHTS
- LONG-TERM TENANT: KFC/Taco Bell has operated at this l ocation for nearly 20 years, backed by the largest KFC franchisee in the US.
- 11+ YEARS OF LEASE TERM REMAINING: Tenant has just under 12 years remaining after a 20 year lease extension, extending the term through 2038.
- INFLATION-HEDGE RENT GROWTH: The lease features 2% annual increases for the remaining lease term and in each of two, 5-year renewal options.
- ABSOLUTE NET LEASE: No landlord responsibilities. Tenant is responsible for everything including roof and structure
- STRONG GUARANTOR: Lease is fully guaranteed by KBP Foods, a major 1,110+ unit operator and the largest KFC franchisee in the US.
- HIGH-TRAFFIC CORRIDOR: High visibility with 3 Points of ingress/egress. Situated on TN State R oute 110/53 along the Tennessee-Alabama border
FOR SALE DETAILS
PRICE
$2,025,000 USD
PRICE/SF
$702 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Taco Bell/KFC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
42
LAND DETAILS
LAND ACRES
1.38 AC
LAND SF
60,113 SF
ZONING
-
APN/PARCEL ID
181L-A-008.00
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614-360-9036
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614-360-9036
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