About This Restaurant
Investment Highlights
Ground Lease | Absolute NNN | No Landlord Responsibilities Adjacent to 1.04-Acre Parcel to the South (Sold Separately - See Agent) 2.5% Annual Rent Increases in Initial Term; 3% Annual Rent Increases During Option Terms Incredible Traffic Exposure of 57K VPD | Multiple Points of Ingress/Egress
Executive Summary
-- 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% Annual Rental Increases throughout Primary Lease Term and 3% 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.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 1,706
- Building Class C
- Year Built 1981
- Price 1,160,974
- Price Per SF 681
- Cap Rate 5.75
- NOI 66,756
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 0.56 AC
Amenities
- Freeway Visibility
- Pylon Sign
- Drive Thru
Property Taxes
Parcel Number | 111800400000 | Improvements Assessment | $346,310 |
Land Assessment | $764,600 | Total Assessment | $1,110,910 |
Date Created: | 2024-07-16 04:16:15 | Last Updated: | 2024-07-16 04:16:15 |
Address: | 6908 Dixie Hwy , Louisville, Kentucky, 40258 |