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KFC | 13+ Yrs NNN | Strong EBITDAR Coverage 3165 Us Highway 227 4,466 SF Retail Building Carrollton, KY 41008 $2,783,365 CAD ($623.23 CAD/SF) 6.40% Cap Rate
Investment Highlights
- KBP Foods Operator (1,100+ Units) | 13+ Years Remaining
- State Highway 227 (13,900 VPD) / I-71 Corridor (39,400 VPD) | Strong Retail, Travel & Regional Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5/3-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, KFC investment property located in Carrollton, Kentucky. The tenant, KFC signed a 20 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.50% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,466 SF
Building Class
B
Year Built/Renovated
1987/2016
Price
$2,783,365 CAD
Price Per SF
$623.23 CAD
Cap Rate
6.40%
NOI
$178,099 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.33 AC
Opportunity Zone
Yes
Parking
33 Spaces (7.39 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-10 | Improvements Assessment | $1,724,551 CAD |
| Land Assessment | $968,849 CAD | Total Assessment | $2,693,400 CAD |
Property Taxes
Parcel Number
24-10
Land Assessment
$968,849 CAD
Improvements Assessment
$1,724,551 CAD
Total Assessment
$2,693,400 CAD
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KFC | 13+ Yrs NNN | Strong EBITDAR Coverage | 3165 Us Highway 227
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