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Taco Bell/KFC 30019 Highway 110 2,886 SF 100% Leased Retail Building Ardmore, TN 38449 $2,796,930 CAD ($969.14 CAD/SF) 6.25% Cap Rate
Investment Highlights
- LONG-TERM TENANT: KFC/Taco Bell has operated at this l ocation for nearly 20 years, backed by the largest KFC franchisee in the US.
- INFLATION-HEDGE RENT GROWTH: The lease features 2% annual increases for the remaining lease term and in each of two, 5-year renewal options.
- STRONG GUARANTOR: Lease is fully guaranteed by KBP Foods, a major 1,110+ unit operator and the largest KFC franchisee in the US.
- 11+ YEARS OF LEASE TERM REMAINING: Tenant has just under 12 years remaining after a 20 year lease extension, extending the term through 2038.
- ABSOLUTE NET LEASE: No landlord responsibilities. Tenant is responsible for everything including roof and structure
- HIGH-TRAFFIC CORRIDOR: High visibility with 3 Points of ingress/egress. Situated on TN State R oute 110/53 along the Tennessee-Alabama border
Executive Summary
11 Years Remaining | Strong Guarantor
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,886 SF
Building Class
B
Year Built
2007
Price
$2,796,930 CAD
Price Per SF
$969.14 CAD
Cap Rate
6.25%
NOI
$174,776 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
1.38 AC
Parking
42 Spaces (14.55 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 181L-A-008.00 | Improvements Assessment | $299,929 CAD |
| Land Assessment | $49,089 CAD | Total Assessment | $349,018 CAD |
Property Taxes
Parcel Number
181L-A-008.00
Land Assessment
$49,089 CAD
Improvements Assessment
$299,929 CAD
Total Assessment
$349,018 CAD
Contacts
-
Dan Yozwiak -
Darpan Patel -
Quinn Ryan -
John Catanzarite -
Paige Bucheit -
Sam Elyassaki -
Peter Sibicky -
Marcus & Millichap
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Presented by
Taco Bell/KFC | 30019 Highway 110
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