Listed by ParaSell Inc, Sands Investment Group Los Angeles
$1,518,933
KFC - Madisonville, KY
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 6,440
Cap Rate 6.75%
NOI $102,528
Occupancy 100%
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 05/15/2044
Remaining Term 18
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Price per SqFt $236
Year Built 1972
Year Renovated 2021
Buildings 1
Acreage 0.990
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 05/16/2024
Ground Lease No
18-Year Absolute NNN | KFC | 1.5% Annual Increases | 160-Unit Guarantee
Marketing description
We are pleased to exclusively offer for sale the 6,440 SF KFC located at 197 Madison Square Drive in Madisonville, KY. This deal includes an 18-year Absolute Triple Net (NNN) Lease, 1.5% annual increases, and a strong guarantee backed by Tasty Chick’n Southeast, LLC, delivering reliable, long-term cash flow.
Investment highlights
18-Year Absolute NNN | Scheduled Rent Increases & Options | Experienced Operator:
- Brand Strength: Operating under the globally recognized KFC brand, this location benefits from TRG’s extensive experience and market presence. With ~140 KFC locations under their management, the combined strength of Tasty Restaurant Group and KFC provides unparalleled stability, making this an attractive and secure investment.
- Rent Increases & Options: The lease features 1.5% annual rental increases throughout the initial term and in the option periods, steadily increasing NOI and hedging against inflation.
Prime Location | Surrounded by Major Economic Drivers:
- Strategic Madisonville, KY Location: Located on Hwy 69, this KFC benefits from high visibility and significant traffic, with over 20,000 VPD. The property is well- positioned in a thriving area of Madisonville, ensuring consistent customer traffic and reinforcing its value as a dependable investment.
- Proximity to Major Economic Drivers: The property is strategically located near Deaconess Madisonville Hospital, which employs over 500 healthcare professionals, and Tyson Foods, a major regional employer with over 1,400 employees; these key institutions contribute to a stable and growing customer base, enhancing the property’s attractiveness and ensuring steady business.
- Robust Retail Environment: The location is part of a well-established commercial corridor, surrounded by national and regional retailers such as Walmart, Lowe’s, and Kroger, driving significant foot traffic to the area. This vibrant retail environment ensures sustained visibility and customer engagement.
Strong Demographics | Affluent Population | Proven Market Performance:
- Strong Local Demographics: The Madisonville area boasts a population of over 25,000 residents within a 5-mile radius, with an average household income of approximately $71,000. These strong demographics support sustained demand and long-term stability for the tenant.
- Established Success and Community Presence: This KFC location has become a trusted and recognized establishment within the Madisonville community. The strong sales performance and long-standing presence make this property a proven and secure investment.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,528.00
$8,544.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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