Listed by Silber Investment Properties Ltd
$925,000
KFC | Magee, MS | 8% Cap
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,550
Cap Rate 8%
NOI $73,989
Occupancy 100%
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Lease Expiration 06/01/2030
Remaining Term 4
Lease Options 3 @ 5 Years each
Price per SqFt $363
Year Renovated 2019
Acreage 1.140
Investment Type Net Lease
Tenant Credit Franchisee
LOW RENT | ABSOLUTE NNN
Investment highlights
Franchise Management Inc. (FMI) is one of the largest Pizza Hut, KFC and Taco Bell franchise operators in North America and owns and operates more than 400 locations across Canada and the United States
Long term operating history and complete store remodel (within the last 10 years) shows their commitment to this location
Absolute NNN - Zero Landlord Responsibilities
Low Rent
Located just off of US Hwy 49 with 24k+ VPD
Nearby Retailers Include: Dollar General, Circle K, Napa Auto Parts, AutoZone, Dairy Queen, McDonald's, etc
Listing Contacts
Listed by Silber Investment Properties Ltd
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,989.00
$6,165.75/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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