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31080018
31080019

410 Highland Square, Crossville, TN 38555 For Sale

TM
CA CA 02232697
Sands Investment Group Los Angeles
AS
CA CA 01925644
Sands Investment Group Los Angeles
TG
PA RM424383, OK
Sands Investment Group Philadelphia
CM
CA CA Lic. # 02309579
Sands Investment Group Los Angeles
Listed by Sands Investment Group Los Angeles, Sands Investment Group Philadelphia
$2,943,349
30 days on market
Updated 30 days ago

KFC - Crossville, TN

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,931
Cap Rate 6.25%
NOI $183,960
Occupancy 100%
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Lease Term 18
Lease Expiration 05/14/2044
Remaining Term 17.8
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Price per SqFt $749
Year Built 2018
Buildings 1
Acreage 0.990
Investment Type Net Lease
Lease Commencement 05/15/2026

KFC | 6.25% CAP | 3,931 SF | Absolute Triple Net (NNN)

Marketing description

Sands Investment Group is pleased to exclusively offer for sale the 3,931 SF KFC located at 410 Highland Square in Crossville, TN. The property is secured by a 20-year Absolute Triple Net (NNN) Lease with approximately 18 years of primary term remaining, plus 3, 5-year renewal options, providing investors with a long-term, stable, and truly passive income stream. This offering presents an opportunity to acquire a corporately recognized quick-service restaurant asset with strong brand credit, minimal landlord responsibilities, and predictable annual rental growth.

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Investment highlights

  • Absolute Triple Net (NNN) Lease in Kroger-Anchored Center: 18 years remaining on Absolute Net Triple Net (NNN) Lease, and is a Kroger-Anchored Center.

  • Long-Term Passive Investment: The property features a 20-year Absolute Triple Net (NNN) Lease with approximately 18 years of the primary term remaining, with 3, 5-year renewal options, providing a long-term, secure, and passive income stream for an investor.

  • Contractual Rent Growth: The lease includes 1.5% annual rental increases, providing a strong hedge against inflation and ensuring consistent growth in net operating income.

  • Outparcel to Kroger-Anchored Center: The property is an outparcel to the Highland Square Shopping Center, the dominant neighborhood center in Crossville, anchored by a high-performing Kroger. This position provides excellent co-tenancy and draws significant, consistent traffic to the site.

  • Strategic Interstate Corridor: The site is located along the I-40 corridor, a major east-west thoroughfare connecting Nashville and Knoxville, providing excellent exposure to both local and transient traffic.

  • Growing Bedroom Community: Crossville is a growing bedroom community for the larger metropolitan areas of Nashville and Knoxville, and the property is well-positioned to serve the needs of the expanding residential base.

Listing Contacts

TM
CA CA 02232697
Sands Investment Group Los Angeles
AS
CA CA 01925644
Sands Investment Group Los Angeles
TG
PA RM424383, OK
Sands Investment Group Philadelphia
CM
CA CA Lic. # 02309579
Sands Investment Group Los Angeles
Listed by Sands Investment Group Los Angeles, Sands Investment Group Philadelphia

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$183,960.00
$15,330.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Tom Gorman
License
TN #370394
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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