About This Restaurant
Investment Highlights
Brand New 20-Year Absolute Triple Net (NNN) | Lease to be Signed at Closing Fee Simple Ownership | Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years 5 Attractive Rental Increases | 1.50% Annual Rental Increases
Executive Summary
NNN Pro is pleased to present the exclusive listing for a KFC located at 500Cherry Street, Attalla, AL 35954. The site consists of roughly 2,678 rentablesquare feet of building space on an estimated 0.69-acre parcel of land. ThisKFC is subject to a 20 Years-year Triple Net (NNN) lease which willcommence upon close of escrow. The annual rent will be $56,867 and hasscheduled increases of 1.50% Annually.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,678
- Building Class B
- Year Built 2018
- Price 988,986
- Price Per SF 369
- Cap Rate 5.75
- NOI 56,867
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.09
- Land Acres 0.69 AC
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 16-01-02-1-000-040.000 | Improvements Assessment | $9,500 |
| Land Assessment | $65,160 | Total Assessment | $74,660 |
| Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
| Address: | 500 Cherry St , Attalla, Alabama, 35954 | ||