KFC Ground Lease | Absolute NNN
1,706 SF | Retail Building | Louisville, KY 40258 | $1,160,974 ($681/SF) | 5.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,160,974
- Property Type
-
Retail
- Square Feet
- 1,706 SF
- Price / Square Foot
- $681
Listing Contacts
Darby Molloy
Verified Profile
Damien Yoder
Verified Profile
Madison Harman
Verified Profile
Grant Fitzgerald
Verified Profile
- Property Info
Property Overview
-- 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.
-- 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
- Class
- C
- Year Built
- 1981
- Stories
- 1
- Lot Size (sq. ft)
- 24,394 SF
Highlights
- Ground Lease | Absolute NNN | No Landlord Responsibilities
- 2.5% Annual Rent Increases in Initial Term; 3% Annual Rent Increases During Option Terms
- Adjacent to 1.04-Acre Parcel to the South (Sold Separately - See Agent)
- Incredible Traffic Exposure of 57K VPD | Multiple Points of Ingress/Egress
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