KFC Ground Lease | Absolute NNN 6908 Dixie Hwy

6908 Dixie Hwy , Louisville, Kentucky, 40258 | 1,706 sq.f | $ 1,160,974

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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