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Restaurant

KFC Ground Lease | Absolute NNN | Annual Rent Increases

6908 Dixie Hwy, Louisville, KY 40258

Listing Price: $1,160,974

Cap Rate
5.75%
Tenant Name
KFC
Years Remaining On Lease
2.4
Gross SF
1,706
Guarantor
Corporate Guarantee
Rentable SF
1,705
Price/Gross SF
$680.52
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.15

Investment Overview

Marcus & Millichap is pleased to present for sale KFC Ground Lease in Louisville, Kentucky.

KFC Ground Lease - No Landlord Responsibilities
 
Three Years Remaining on Absolute Net Ground Lease with Two Five-Year Options to Renew
 
Multi-Unit, Multi-State Franchisee Operator
-Excellent Inflation Hedge: 2.5 Percent Annual Rental Increases throughout Primary Lease Term and Three Percent Annual Increases Throughout Options
 
Priced Well Below Replacement Cost: Low Price Point Restaurant with High Intrinsic Real Estate Value Due to Underlying Land and Landowner’s Reversion Rights for Updated Building
-Adjacent 1.04-Acre Parcel of Land Available Separately to the South (Contact Listing Agent for Details)
 
Incredible Traffic Exposure: Located on Dixie Highway in a Dense Retail Corridor with Nearly 57,000 Vehicles per Day
 
Site Offers Multiple Points of Ingress/Egress Allowing for Efficient Traffic Flow
 
Surrounded by National Tenants Including Panera Bread, Starbucks, Chick fil-A, Walmart, Home Depot, Lowe’s, McDonald’s, Qdoba, Hobby Lobby, Toyota, Chevrolet, Hyundai, Among Many Others
 
KFC is the 2nd Largest Fast Food Restaurant Chain (Measured by Sales) with 24K+ Locations Globally
-KFC is Owned by Publicly Traded, Yum! Brands (NYSE: YUM) Who Operates 55,000 Restaurants in 155 Countries.  Yum! Brands has a TTM Revenue of $6.991 Billion and a Market Cap of $33.712 Billion.

Investment Highlights

  • KFC Triple-Net Ground Lease - No Landlord Responsibilities
  • Excellent Inflation Hedge: 2.5 Percent Annual Rental Increases throughout Primary Lease Term and Three Percent Annual Increases Throughout Options
  • Adjacent 1.04-Acre Parcel of Land Available Separately to the South (Contact Listing Agent for Details)

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Restaurant

KFC Ground Lease | Absolute NNN | Annual Rent Increases

Listing Price: $1,160,974

Cap Rate
5.75%
Tenant Name
KFC
Years Remaining On Lease
2.4
Gross SF
1,706
Guarantor
Corporate Guarantee
Rentable SF
1,705
Price/Gross SF
$680.52
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.15

Investment Highlights

  • KFC Triple-Net Ground Lease - No Landlord Responsibilities
  • Excellent Inflation Hedge: 2.5 Percent Annual Rental Increases throughout Primary Lease Term and Three Percent Annual Increases Throughout Options
  • Adjacent 1.04-Acre Parcel of Land Available Separately to the South (Contact Listing Agent for Details)

Investment Overview

Marcus & Millichap is pleased to present for sale KFC Ground Lease in Louisville, Kentucky. KFC Ground Lease - No Landlord Responsibilities   Three Years Remaining on Absolute Net Ground Lease with Two Five-Year Options to Renew   Multi-Unit, Multi-State Franchisee Operator -Excellent Inflation Hedge: 2.5 Percent Annual Rental Increases throughout Primary Lease Term and Three Percent Annual Increases Throughout Options   Priced Well Below Replacement Cost: Low Price Point Restaurant with High Intrinsic Real Estate Value Due to Underlying Land and Landowner’s Reversion Rights for Updated Building -Adjacent 1.04-Acre Parcel of Land Available Separately to the South (Contact Listing Agent for Details)   Incredible Traffic Exposure: Located on Dixie Highway in a Dense Retail Corridor with Nearly 57,000 Vehicles per Day   Site Offers Multiple Points of Ingress/Egress Allowing for Efficient Traffic Flow   Surrounded by National Tenants Including Panera Bread, Starbucks, Chick fil-A, Walmart, Home Depot, Lowe’s, McDonald’s, Qdoba, Hobby Lobby, Toyota, Chevrolet, Hyundai, Among Many Others   KFC is the 2nd Largest Fast Food Restaurant Chain (Measured by Sales) with 24K+ Locations Globally -KFC is Owned by Publicly Traded, Yum! Brands (NYSE: YUM) Who Operates 55,000 Restaurants in 155 Countries.  Yum! Brands has a TTM Revenue of $6.991 Billion and a Market Cap of $33.712 Billion.

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s): KY: 286261

    Kentucky

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