451 Highway 52 Byp W - Fast Food FOR SALE


Lafayette, TN 37083
$2,101,000 USD
949-506-2012
451 Highway 52 Byp W, Lafayette, TN for Sale
$2,101,000 USD
Fast Food - FOR SALE
1/10
null | 6% Cap Rate

451 Highway 52 Byp W
Lafayette, TN 37083


HIGHLIGHTS

  • Brand New 20-Year Deal | Annual Rental Increases | Established Operator
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel to Walmart Supercenter Anchored Center | Strong National/Credit Tenant Presence | Nearby Hospital & Schools
  • Near Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics in 5-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 Lafayette, Tennessee (Nashville MSA). The tenant, Tasty Chick’n, LLC recently signed a brand-new, 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.50% annual rental increases starting in year 7 that continues throughout the initial term and options thereafter, 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 a investor. Today they still follow his formula for success, with real cooks breading and freshly preparing our delicious chicken by hand in more than 26,000 restaurants in over 145 countries and territories around the world.

FOR SALE DETAILS

PRICE

$2,101,000 USD

PRICE/SF

$613 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC | New 20yr Abs NNN w/ Annual Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

GC

APN/PARCEL ID

059-003.07

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 Policy.