Skip to main content

Restaurant

KFC/Taco Bell

310 W Main St, Waverly, TN 37185

Listing Price: $2,736,907

Cap Rate
5.50%
Tenant Name
KFC/Taco Bell
Guarantor
Franchisee Guarantee
Rentable SF
2,340
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$64.33

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the KFC located at 310 W. Main Street in Waverly, TN. The building consists of approximately 2,340 square feet of building space and is situated on approximately 0.51 acres of land. The tenant is subject to a 20-Year triple-net (NNN) sale-leaseback with 20 years remaining. The base rent is $150,530 with 2% Annual rental increases. There are four (4), five (5)-year renewal options in addition to the initial term.

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback
  • Attractive Rental Increases | 2% Annually
  • Franchisee Guarantee | Sizeable Operator With Plans for Expansion

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Restaurant

KFC/Taco Bell

Listing Price: $2,736,907

Cap Rate
5.50%
Tenant Name
KFC/Taco Bell
Guarantor
Franchisee Guarantee
Rentable SF
2,340
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$64.33

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback
  • Attractive Rental Increases | 2% Annually
  • Franchisee Guarantee | Sizeable Operator With Plans for Expansion

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the KFC located at 310 W. Main Street in Waverly, TN. The building consists of approximately 2,340 square feet of building space and is situated on approximately 0.51 acres of land. The tenant is subject to a 20-Year triple-net (NNN) sale-leaseback with 20 years remaining. The base rent is $150,530 with 2% Annual rental increases. There are four (4), five (5)-year renewal options in addition to the initial term.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

MM Texture Background
MM Textured Background Lower