KFC
About This Property
Marketing description
The Brandon Michaels Group of Marcus & Millichap, as Exclu-sive Advisor, is pleased to present 24
Sgt Prentiss Drive, a 3,528 SF single-tenant NNN KFC drive-thru restaurant situated on 1.10 acres
(47,916 SF) in Natchez, Mississippi. The property is posi-tioned along U.S. Highway 61 (Sgt
Prentiss Drive), one of the city’s primary commercial corridors with traffic counts of more than
25,000 vehicles per day.
The offering presents investors with a stable passive income stream backed by KFC, one of the most
recognizable quick-service restau-rant brands in the world, operated by Franchise Management Inc.
(FMI), a large multi-unit restaurant operator with more than 400 loca-tions across the United
States and Canada. The property is leased on an absolute NNN lease, providing minimal landlord
responsibilities.
KFC at 24 Sgt Prentiss Drive has successfully operated at this loca-tion since 2016 and currently
has a lease in place through Decem-ber 31, 2030, providing approximately 4.8 years of remaining
firm lease term. The tenant pays $7,926.11 per month ($2.25/SF) under an absolute NNN lease structure. The lease includes 7% rental in-creases every five years within the option periods and features three (3) additional five-year renewal options, offering potential long-term income stability.
The property sits on a 1.10-acre parcel with 56 dedicated parking spaces, equating to a parking
ratio of 15.87 spaces per 1,000 SF, allowing the site to efficiently accommodate high drive-thru
and in-store customer traffic. The large parcel size and functional layout provide excellent
circulation for quick-service restaurant operations.
24 Sgt Prentiss Drive is located along U.S. Highway 61, a major north-south corridor that serves as
a primary retail and commuter route through Natchez. The surrounding trade area features a mix of
national retailers, restaurants, and service businesses that benefit from consistent daily traffic
and the area’s role as a regional hub for southwest Mississippi and nearby Louisiana communities.
Investment highlights
Absolute NNN KFC with 4.8 Years of Stable Passive Income
KFC, a Globally Recognized QSR Brand
KFC is one of the most recognizable quick-service restaurant brands in the world with more than
30,000 locations globally and is part of Yum! Brands (NYSE: YUM), one of the largest restaurant
companies worldwide.
Remaining Lease Term
The tenant has 4.8 years remaining on the current lease term, through December 31, 2030.
Experienced Multi-Unit Franchise Operator
The property is operated by Franchise Management Inc. (FMI), a seasoned franchisee operating more than 400 locations across the United States and Canada.
Rental Income & Growth
The tenant pays $7,926.11/month ($2.25/SF) with 7% rental increases
every five years within the remaining 3 x 5-year option periods,
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