528 Highway 46 S - Fast Food FOR SALE


Dickson, TN 37055
$2,035,000 USD
949-506-2012
528 Highway 46 S, Dickson, TN for Sale
$2,035,000 USD
Fast Food - FOR SALE
1/10
null | 5.65% Cap Rate

528 Highway 46 S
Dickson, TN 37055


HIGHLIGHTS

  • New 20-Year Lease | Excellent Store Performance | Strong Operator (161+ Units)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Along TN-46 | Dense Retail Corridor | Nearby Schools | Tristar Horizon Medical Center
  • 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, KFC investment property located in Dickson, Tennessee. The tenant recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years and at the beginning of each option providing an excellent hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The lease is guaranteed by Tasty Chick’n, LLC, a 161-unit subsidiary of Tasty Restaurant Group, the 9th largest franchisee group in the U.S. with approximately 400+ units across six brands.

FOR SALE DETAILS

PRICE

$2,035,000 USD

PRICE/SF

$734 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC | 20 Yr NNN SLB | 161-Unit Guarantor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,000 SF

ZONING

B3

APN/PARCEL ID

110-065.17

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.