3165 Us Highway 227 - Fast Food FOR SALE


Carrollton, KY 41008
$2,011,000 USD
949-506-2012
3165 Us Highway 227, Carrollton, KY for Sale
$2,011,000 USD
Fast Food - FOR SALE
1/9
null | 6.4% Cap Rate

3165 Us Highway 227
Carrollton, KY 41008


HIGHLIGHTS

  • KBP Foods Operator (1,100+ Units) | 13+ Years Remaining
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • State Highway 227 (13,900 VPD) / I-71 Corridor (39,400 VPD) | Strong Retail, Travel & Regional Access
  • Strong Demographics In 5/3-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, KFC investment property located in Carrollton, Kentucky. The tenant, KFC signed a 20 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.50% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$2,011,000 USD

PRICE/SF

$479 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC | 13+ Yrs NNN | Strong EBITDAR Coverage

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

-

APN/PARCEL ID

24-10

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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Gary ChouSRS National Net LeaseMore Info
949-506-2012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.