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KFC - Madisonville, KY 197 Madison Square Dr 6,164 SF Retail Building Madisonville, KY 42431 $2,303,422 CAD ($373.69 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- A Subsidiary of Tasty Restaurant Group (TRG), a Strong 161-Unit Corporate Guarantee From Tasty Chick'n Premier Franchise Operator
- The Lease Features 1.5% Annual Rental, Throughout the Initial Term, and in the Option Periods, Steadily Increasing NOI and Hedging Against Inflation
- The Property is Strategically Located Near Deaconess Henderson Hospital, Which Employs Over 500 Healthcare Professionals
- Operating Under the Globally Recognized KFC Brand, This Location Benefits From TRG's Extensive Experience
- Located on Hwy 41 N. This KFC Benefits From High Visibility and Significant Traffic, With Over 24,000 Vehicles Passing Daily
- The Location is Part of a Well- Established Commercial Corridor, Surrounded By National and Regional Retailers such as Walmart
EXECUTIVE SUMMARY
We are pleased to exclusively offer for sale the 6,164 SF KFC located at 197 Madison Square Drive in Madisonville, KY. This deal includes a 19-year absolute triple net (NNN) lease, 1.5% annual increases, and a strong 161-unit corporate guarantee backed by Tasty Chick’n Southeast, LLC, a subsidiary of Tasty Restaurant Group (TRG), delivering reliable, long-term cash flow backed by a strong corporate guarantee.
In Cooperation With ParaSell, Inc., A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
In Cooperation With ParaSell, Inc., A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,164 SF
Building Class
B
Year Built
1972
Price
$2,303,422 CAD
Price Per SF
$373.69 CAD
Cap Rate
6.25%
NOI
$143,964 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.99 AC
Zoning
COM
Frontage
169’ on Madison Square Dr
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- KFC
- Accommodation and Food Services
- 6,164 SF
- $23.35 CAD
- May 2044
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| KFC | Accommodation and Food Services | 6,164 SF | $23.35 CAD | May 2044 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | M-43-2-8A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,965,915 CAD |
PROPERTY TAXES
Parcel Number
M-43-2-8A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,965,915 CAD
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KFC - Madisonville, KY | 197 Madison Square Dr
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