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29331383
29331382

2236 US-41, Henderson, KY 42420 For Sale

HD
AZ SA704485000
Matthews
AD
CA 02087057, AZ SA705467000
Matthews
SA
AZ BR663663000
Matthews
HD
AZ SA706736000 (AZ)
Matthews
Listed by Matthews
$1,750,000
7 days on market
Updated 7 days ago

KFC

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,925
Cap Rate 6.65%
NOI $114,695
Occupancy 100%
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Lease Expiration 09/30/2044
Remaining Term 18.2
Rent Bumps Yes
Lease Options Four, 5-Year Options
Broker Co-Op Yes
Year Built 1984
Buildings 1
Stories 1
Acreage 0.550
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

Abs NNN | Long-Term Lease Remaining | Strong Franchise Guarantee

Investment highlights

  • Long-Term Lease Remaining – Tasty Chick’n Midwest, LLC has approximately 19 years remaining on the lease term, offering durable, long-term income stability and a strong commitment to the site.

  • Strong Franchise Guarantee – The lease is fully guaranteed by Tasty Chick’n, LLC, a 145 unit operator and subsidiary of Tasty Restaurant Group, which operates more than 415 restaurants across 23 states. The group operates under several nationally
    recognized quick-service brands, including Pizza Hut, KFC, Burger King, Dunkin’, Taco Bell, and Baskin Robbins.

  • Absolute Triple Net (NNN) Lease – The lease is structured as an absolute NNN, with the tenant responsible for all insurance, utilities, taxes, repairs, and maintenance, resulting in zero landlord responsibilities.

  • Attractive Rent Increases (1.50% Annually) – The lease includes 1.50% annual rent increases, providing built-in income growth and an effective hedge against inflation.

  • Dominant Retail Positioning – The Property is prominently positioned at the entrance to the highly trafficked Audubon Village Shopping Center, which is anchored by Columbia Sportswear and Ruler Foods. The center is further supported by a diverse mix of national and local tenants including DaVita, Shoney’s American Restaurant, Finders Keepers, AQ Cell Phone Repair, and others.

  • High Traffic Exposure – The site is located just off U.S. Highway 41, a major north–south arterial corridor with traffic counts exceeding 37,800 vehicles per day (KYTC, 2024), providing excellent visibility, accessibility, and consumer exposure.

  • Proximity to Regional Attractions – The Property is situated just a few miles south of Ellis Park Racing & Gaming, a major regional entertainment and tourism destination that drives consistent visitation and enhances area draw.

  • Nearby Employment & Medical Hub – The site benefits from close proximity to key economic drivers, including Deaconess Henderson Hospital, supporting a strong daytime population and sustained demand for quick-service dining.

Listing Contacts

HD
AZ SA704485000
Matthews
AD
CA 02087057, AZ SA705467000
Matthews
SA
AZ BR663663000
Matthews
HD
AZ SA706736000 (AZ)
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$114,695.00
$9,557.92/mo

Valuation Metrics

0
DSCR
6.55%
Cap Rate
6.55%
ROI

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Additional Information

Name
Kyle Matthews
License
239410 (KY)
Brokerage
Matthews
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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