About This Restaurant
Investment Highlights
20-Year Sale-Leaseback | Scheduled Rental Increases | Experienced Operator | Options to Extend | Established Brand Dense Retail Corridor | Strong National/Credit Tenant Presence | Russellville Hospital (49 Beds) Strong Demographics in 5-Mile Trade Area Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Ideally Situated Along U.S. Hwy 43 (18,100 VPD) | Excellent Visibility & Access | Large Pylon Sign
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN Sale-Leaseback, drive-thru equipped, KFC investment property located in Russellville, Alabama. The tenant, Tasty Chick?n Southeast, will enter into a brand new 20-year lease at COE with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases during the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. On average, stores with drive-thrus experience higher sales than those without.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
- Building Size 2,784
- Building Class C
- Year Built 1998
- Price 1,127,000
- Price Per SF 405
- Cap Rate 6
- NOI 67,647
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.40 AC
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 02-09-29-2-000-058.000-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $139,000 |
| Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
| Address: | 15045 US Hwy 43 , Russellville, Alabama, 35653 | ||