442 Us-80 - Fast Food FOR SALE


Clinton, MS 39056
$1,003,804 USD
202-847-4200
442 Us-80, Clinton, MS for Sale
$1,003,804 USD
Fast Food - FOR SALE
1/7
null | 8% Cap Rate

442 Us-80
Clinton, MS 39056


HIGHLIGHTS

  • Long Term
  • Attractive Rent Increase
  • Zero Management
  • Strong Operator
  • Strategic Location
  • Economic Driver

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a KFC located at 442 US Highway 80 E in Clinton, Mississippi (the “Property”). KFC has been at this location since 2001 and has 4+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease calls for attractive 7% rent increases at the start of each renewal option. KFC is operated by Franchise Management Investors US, LLC, a subsidiary of Franchise Management Investors (FMI), a large KFC, Pizza Hut, Taco Bell, Burger King and Panera franchisee that operates more than 400 units. KFC is well located along US Highway 80 E, the area’s primary commercial and commuter corridor. The Property benefits from outstanding visibility and frontage and is surrounded by national and local retailers and businesses that drive traffic to the area, and numerous hotels and apartment complexes that provide a built-in customer base. The Property is 0.8 miles from Mississippi College and is convenient to several area schools, and Interstate 20, which along with US Highway 80 provide a direct route to Downtown Jackson, approximately 9 miles away.

FOR SALE DETAILS

PRICE

$1,003,804 USD

PRICE/SF

$359 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

-

APN/PARCEL ID

2861-0253-000

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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