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KFC | 20yr Abs NNN SLB w/ Incrs | DrThru 15045 US Hwy 43

2,784 SF Retail Building Russellville, AL 35653 £832,829 (£299/SF) 6.42% Net Initial Yield

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 Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,784 SF
Building Class
C
Year Built
1998
Price
£832,829
Price Per SF
£299
Net Initial Yield
6.42%
NOI
£53,442
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
1.40 AC
Zoning
Business General
Parking
5.75 Spaces per 1,000 SF Leased

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing our delicious chicken by hand in tens of thousands of restaurants around the world.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 99,999 SF - Lorem Ipsum -

Links

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PROPERTY TAXES

Parcel Number 02-09-29-2-000-058.000-0 Improvements Assessment £90,093
Land Assessment £19,640 Total Assessment £109,732

PROPERTY TAXES

Parcel Number
02-09-29-2-000-058.000-0
Land Assessment
£19,640
Improvements Assessment
£90,093
Total Assessment
£109,732
(502) 442-7079

  • Listing ID: 29403587

  • Date on Market: 30/08/2023

  • Last Updated:

  • Address: 15045 US Hwy 43, Russellville, AL 35653

The Retail Property at 15045 US Hwy 43, Russellville, AL 35653 is currently available For Sale. Contact SRS National Net Lease for more information.

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