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1816 Memorial Blvd
Murfreesboro, TN 37129
KFC - Nashville (Murfreesboro) TN · Retail Property For Sale
Investment Highlights
- 18+ Years Remaining | Annual Rental Increases | Established Brand | KFC - $8.2B in Revenue (2025)
- Prime Retail Corridor | Strong Surrounding Tenancy
- Strong Trade Area Demographics
- Absolute NNN | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Nashville MSA | New Retail Development | Growing Submarket
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)
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)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,210 SF
Building Class
B
Year Built/Renovated
2003/2013
Price
$3,162,021 CAD
Price Per SF
$751.07 CAD
Cap Rate
5.75%
NOI
$181,689 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.05 AC
Zoning
CH - Highway Commercial District
Parking
67 Spaces (15.91 Spaces per 1,000 SF Leased)
Frontage
175’ on Memorial Blvd
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 080-046.00-000 | Improvements Assessment | $445,736 CAD |
| Land Assessment | $391,491 CAD | Total Assessment | $837,227 CAD |
Property Taxes
Parcel Number
080-046.00-000
Land Assessment
$391,491 CAD
Improvements Assessment
$445,736 CAD
Total Assessment
$837,227 CAD
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