Restaurant
KFC & Taco Bell | Long Term Tenancy | Abs. Net Lease | Main Traffic Thoroughfare | TN
30019 TN-110, Ardmore, TN 38449
Listing Price: $2,025,000
Cap Rate
6.25%
Tenant Name
KFC/Taco Bell
Years Remaining On Lease
11.9
Guarantor
Local or Regional Franchisor
Rentable SF
3,611
Lease Type
Absolute Net
Rent Per Square Feet
$35.04
Investment Overview
Marcus & Millichap is pleased to present the offering for KFC & Taco Bell in Ardmore, Tennessee.
KFC & Taco Bell | Long Term Tenancy | Abs. Net Lease | Main Traffic Thoroughfare | TN
Investment Highlights
- LONG-TERM TENANT: KFC/Taco Bell has Operated at this Location for Nearly 20 Years, Backed by 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
- INFLATION-HEDGE RENT GROWTH: The Lease Features 2 Percent Annual Increases for the Remaining Lease Term and in Each of Two, Five-Year Renewal Options
- ABSOLUTE NET LEASE: No Landlord Responsibilities. Tenant is Responsible for Everything Including Roof and Structure
- STRONG GUARANTOR: Lease is Fully Guaranteed by KBP Foods, a Major 1,110-Plus Unit Operator and the Largest KFC Franchisee in the US
- HIGH-TRAFFIC CORRIDOR: High Visibility with Three Points of Ingress/Egress. Situated on TN State Route 110/53 Along the Tennessee-Alabama Border with Exposure to Over 10,100 Vehicles Per Day (VPD) Connecting to Downtown Huntsville, Alabama, the Site also Benefits from being Positioned 2.5 Miles from The I-65 Exit 1 Ramp
- PROXIMITY TO REGIONAL RETAIL AND MAJOR EMPLOYERS: Located Near Multiple National Retail Tenants such as McDonald's, Shell, O'Reilly Auto Parts, Sonic, Burger King, Piggly Wiggly, Pizza Hut, Dollar General, Subway, Domino's, And More. 0.5 Miles from Ardmore High School with 990 Students, and One Mile from the Tennessee Welcome Center Along I-65 Seeing 24,100 Vehicles Per Day
- STABLE LOCAL DEMOGRAPHICS: 15 Mile Population Exceeds 112,500 and is Projected to Increase by 2028. Average Household Incomes within 20 Miles Exceed $110,300. Unemployment is Below 2 Percent within 10 Miles
Restaurant
KFC & Taco Bell | Long Term Tenancy | Abs. Net Lease | Main Traffic Thoroughfare | TN
Listing Price: $2,025,000
Cap Rate
6.25%
Tenant Name
KFC/Taco Bell
Years Remaining On Lease
11.9
Guarantor
Local or Regional Franchisor
Rentable SF
3,611
Lease Type
Absolute Net
Rent Per Square Feet
$35.04
Investment Highlights
- LONG-TERM TENANT: KFC/Taco Bell has Operated at this Location for Nearly 20 Years, Backed by 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
- INFLATION-HEDGE RENT GROWTH: The Lease Features 2 Percent Annual Increases for the Remaining Lease Term and in Each of Two, Five-Year Renewal Options
- ABSOLUTE NET LEASE: No Landlord Responsibilities. Tenant is Responsible for Everything Including Roof and Structure
- STRONG GUARANTOR: Lease is Fully Guaranteed by KBP Foods, a Major 1,110-Plus Unit Operator and the Largest KFC Franchisee in the US
- HIGH-TRAFFIC CORRIDOR: High Visibility with Three Points of Ingress/Egress. Situated on TN State Route 110/53 Along the Tennessee-Alabama Border with Exposure to Over 10,100 Vehicles Per Day (VPD) Connecting to Downtown Huntsville, Alabama, the Site also Benefits from being Positioned 2.5 Miles from The I-65 Exit 1 Ramp
- PROXIMITY TO REGIONAL RETAIL AND MAJOR EMPLOYERS: Located Near Multiple National Retail Tenants such as McDonald's, Shell, O'Reilly Auto Parts, Sonic, Burger King, Piggly Wiggly, Pizza Hut, Dollar General, Subway, Domino's, And More. 0.5 Miles from Ardmore High School with 990 Students, and One Mile from the Tennessee Welcome Center Along I-65 Seeing 24,100 Vehicles Per Day
- STABLE LOCAL DEMOGRAPHICS: 15 Mile Population Exceeds 112,500 and is Projected to Increase by 2028. Average Household Incomes within 20 Miles Exceed $110,300. Unemployment is Below 2 Percent within 10 Miles
Investment Overview
Marcus & Millichap is pleased to present the offering for KFC & Taco Bell in Ardmore, Tennessee.
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