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Restaurant

KFC Ground Lease | Absolute NNN

6908 Dixie Hwy, Louisville, KY 40258

Listing Price: $1,140,472

Cap Rate
6.15%
Tenant Name
KFC
Years Remaining On Lease
5.6
Gross SF
1,706
Guarantor
Corporate Guarantee
Rentable SF
1,706
Price/Gross SF
$668.51
Lease Type
Absolute Net
Rent Per Square Feet
$41.11

Investment Overview

Approximately Five and a Half Years Remaining on Corporately Guaranteed Absolute Triple Net Ground Lease - No Landlord Responsibilities | One Five-Year Option to Renew | Tenant Exercised its First Option Early in 2025, Showing Commitment to Site

Multi-Unit, Multi-State Franchisee Operator
Excellent Inflation Hedge: 3 Percent Annual Rental Increases and During Extension Term
 
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

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 Second-Largest Fast Food Restaurant Chain Globally Measured by Sales, Behind Only McDonald’s | KFC is the Largest Fried Chicken Chain in the World with Over 30,000 Locations Worldwide
KFC is Owned by Yum! Brands (NYSE: YUM), Which Operates Over 55,000 Restaurants in 155 Countries | Yum! Brands’ 2025 Revenue was $8.21 Billion, Representing a 9 Percent Increase Year-Over-Year from 2024

Investment Highlights

  • Approximately 5.5 Years Remaining on Corporately Guaranteed Absolute Triple Net Ground Lease | Tenant Exercised First Option Early in 2025, Showing Commitment to Site
  • One Five-Year Option | Excellent Inflation Hedge: 3 Percent Annual Rental Increases
  • Located on Busy Dixie Highway Surrounded by National Tenants | Exposure to Approximately 57,00 Vehicles per Day

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Managing Director, Market Leader- Ohio

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Restaurant

KFC Ground Lease | Absolute NNN

Listing Price: $1,140,472

Cap Rate
6.15%
Tenant Name
KFC
Years Remaining On Lease
5.6
Gross SF
1,706
Guarantor
Corporate Guarantee
Rentable SF
1,706
Price/Gross SF
$668.51
Lease Type
Absolute Net
Rent Per Square Feet
$41.11

Investment Highlights

  • Approximately 5.5 Years Remaining on Corporately Guaranteed Absolute Triple Net Ground Lease | Tenant Exercised First Option Early in 2025, Showing Commitment to Site
  • One Five-Year Option | Excellent Inflation Hedge: 3 Percent Annual Rental Increases
  • Located on Busy Dixie Highway Surrounded by National Tenants | Exposure to Approximately 57,00 Vehicles per Day

Investment Overview

Approximately Five and a Half Years Remaining on Corporately Guaranteed Absolute Triple Net Ground Lease - No Landlord Responsibilities | One Five-Year Option to Renew | Tenant Exercised its First Option Early in 2025, Showing Commitment to Site Multi-Unit, Multi-State Franchisee Operator Excellent Inflation Hedge: 3 Percent Annual Rental Increases and During Extension Term   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 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 Second-Largest Fast Food Restaurant Chain Globally Measured by Sales, Behind Only McDonald’s | KFC is the Largest Fried Chicken Chain in the World with Over 30,000 Locations Worldwide KFC is Owned by Yum! Brands (NYSE: YUM), Which Operates Over 55,000 Restaurants in 155 Countries | Yum! Brands’ 2025 Revenue was $8.21 Billion, Representing a 9 Percent Increase Year-Over-Year from 2024

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Managing Director, Market Leader- Ohio

    (502) 329-5900

    License(s): KY: 286261

    Kentucky

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