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214 S L Rogers Wells Blvd 4,281 SF Retail Building Glasgow, KY 42141 $3,436,755 CAD ($802.79 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 19 Years Remaining | Annual Rental Increases | Established Brand | KFC - $7.55B in Revenue (2024)
- Outparcel to Food Lion Anchored Center | Dense Retail Corridor | Strong National/Credit Tenant Presence | T.J. Samson Hospital
- Local Demographics & 5 Mile Trade Area | Proximity to Nashville/Louisville
- Absolute NNN Lease | Fee Simple Ownership | Land & Building | Zero Landlord Responsibilities
- Hard Corner Intersection | Excellent Visibility & Access
EXECUTIVE SUMMARY
• The tenant, KFC, currently has 19 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 30,000 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 30,000 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
Building Size
4,281 SF
Building Class
C
Year Built
1992
Price
$3,436,755 CAD
Price Per SF
$802.79 CAD
Cap Rate
6%
NOI
$206,205 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.93 AC
Zoning
Light Industrial District - Commercial
Parking
44 Spaces (10.28 Spaces per 1,000 SF Leased)
Frontage
216’ on S L Rogers Wells Blvd
AMENITIES
- Corner Lot
- Restaurant
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | G11-D | Improvements Assessment | $1,289,896 CAD |
| Land Assessment | $421,305 CAD | Total Assessment | $1,711,201 CAD |
PROPERTY TAXES
Parcel Number
G11-D
Land Assessment
$421,305 CAD
Improvements Assessment
$1,289,896 CAD
Total Assessment
$1,711,201 CAD
CONTACTS
-
William Wamble -
Jarrett Slear -
Michael Berk -
Patrick Nutt -
SRS Real Estate Partners
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214 S L Rogers Wells Blvd
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