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KFC - Nashville (McMinnville) TN 1410 Smithville Hwy 4,752 SF Retail Building McMinnville, TN 37110 $3,217,157 CAD ($677.01 CAD/SF) 5.75% Cap Rate
Investment Highlights
- 18+ Years Remaining | Annual Rental Increases | Established Brand | KFC - $8.2B in Revenue (2025)
- Across from Cumberland Plaza | Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
- Local Demographics & 5 Mile Trade Area
- Absolute NNN Lease | Fee Simple Ownership | Land & Building | Zero Landlord Responsibilities
- Near Hard Corner Intersection | Excellent Visibility & Access
Executive Summary
• The tenant, KFC, currently has 18+ years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 1.50% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation
• There are over 32,000 KFC restaurants in 150 countries and territories around the world
• The franchisee, Tasty Restaurant Group, operates 400+ units nationwide across multiple QSR brands (KFC, Burger King, Pizza Hut, Dunkin, and Taco Bell)
• There are over 140 units encompassed by the lease signature (Tasty Chick’n Midwest) and the lease guarantor (Tasty Chick’n Southeast)
• The lease features 1.50% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation
• There are over 32,000 KFC restaurants in 150 countries and territories around the world
• The franchisee, Tasty Restaurant Group, operates 400+ units nationwide across multiple QSR brands (KFC, Burger King, Pizza Hut, Dunkin, and Taco Bell)
• There are over 140 units encompassed by the lease signature (Tasty Chick’n Midwest) and the lease guarantor (Tasty Chick’n Southeast)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,752 SF
Year Built
2004
Price
$3,217,157 CAD
Price Per SF
$677.01 CAD
Cap Rate
5.75%
NOI
$184,873 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.00 AC
Parking
57 Spaces (11.99 Spaces per 1,000 SF Leased)
Frontage
166’ on Smithville Hwy
Amenities
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 059F-B-005.00 | Improvements Assessment | $449,701 CAD |
| Land Assessment | $263,204 CAD | Total Assessment | $712,904 CAD |
Property Taxes
Parcel Number
059F-B-005.00
Land Assessment
$263,204 CAD
Improvements Assessment
$449,701 CAD
Total Assessment
$712,904 CAD
Contacts
-
William Wamble -
Jarrett Slear -
Patrick Nutt -
Michael Berk -
SRS Real Estate Partners
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KFC - Nashville (McMinnville) TN | 1410 Smithville Hwy
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