Listed by Matthews
$865,000
KFC
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,733
Cap Rate 7.51%
NOI $65,000
Occupancy 100%
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Lease Term 1
Lease Options Two, 1 Year Options and One, 10 Year Option
Price per SqFt $317
Broker Co-Op Yes
Year Built 2013
Buildings 1
Stories 1
Acreage 0.710
Investment Type Redevelopment
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
Short-Term Lease for Repositioning with Landlord Termination Flexibility
Investment highlights
- Short-Term Lease with Landlord Termination Flexibility – The existing short-term lease provides immediate cash flow while preserving full redevelopment or repositioning optionality, with the Landlord retaining the right to terminate the lease on 150 days’ notice.
- Absolute Triple Net (NNN) Structure – The tenant is responsible for all operating expenses, providing truly passive income with zero landlord responsibilities throughout the lease term.
- Attractive Entry Basis – Offered at a compelling $865,000 purchase price, equating to approximately $316.50per square foot, which is well below replacement cost for a drive-thru QSR asset.
- Modern, Turn-Key Construction – Built in 2013, the property features contemporary construction standards, allowing for efficient re-tenanting and minimal capital expenditure for a future occupant.
- Immediate Proximity to 527 Hotel Rooms – The property benefits from the seven hotels in the immediate area, which are major traffic drivers to the property providing a consistent consumer base.
- Strong National Retail Synergy – The property is prominently positioned along Mammoth Cave Street and is surrounded by a concentration of national retailers, including Wendy’s, Pizza Hut, Taco Bell, Long John Silver’s/A&W, Sonic, Subway, and Shell, which drive consistent consumer traffic to the corridor.
- Immediate Access to Major Transportation Arteries – Located just off the signalized intersection of Highway 65 and Kentucky 90 West, the property benefits from immediate proximity to a major interstate corridor connecting Nashville, TN and Louisville, KY.
- High Traffic Exposure – The site is positioned directly off the highly trafficked I-65 corridor, which carries ±45,900 vehicles per day, and also benefits from substantial frontage along Mammoth Cave Street (Source: KYTC 2024).
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$65,000.00
$5,416.67/mo
Valuation Metrics
0
DSCR
7.51%
Cap Rate
7.51%
ROI
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