KFC | 20-Yr NNN | Exceptional Sales | TN 2051 N Highland Ave

PROPERTY HIGHLIGHTS
• New, 20-year NNN lease
• Lease guaranteed by a 161-unit subsidiary of Tasty Restaurant Group, the 9th largest franchisee group in the U.S. with ±500 units across 6 brands
• Exceptional store sales performance | Sales were 115% above the national KFC AUV in 2023 and have increased each of the last 3 years, including a 12.5% increase last year | Superb EBITDAR coverage and healthy rent-to-sales ratio | Speak with Agent(s) for details
• Site was completely remodeled in 2023
• Outparcel to the Old Hickory Mall | 538,641 SF mall anchored by JCPenney & Belk | Over 1.2MM annual visitors
• Excellent access and visibility from Highway 45 (aka Highland Ave) which boasts 53,500+ VPD
• Ideal retail corridor, walking distance to:
• The planned redevelopment of the 20.8-acre Jackson Plaza into a multipurpose, 140,000 SF event center with a capacity ranging from 6,5007,000 people | Would also include a 280 hotel rooms and an event lawn that would be surrounded by retail, entertainment, and outdoor dining
• Lynwood Place | A Kroger-anchored shopping center
• I-40 which is one of the most traveled interstates in the country
• Jackson-Madison County General Hospital | A 642-bed tertiary care center that serves a 19-county area
• 4 different hotels/inns
• 1.50% annual rent increases, beginning in Year 7 | Yields an average CAP of 6.34% over the base lease term, assuming purchase at List Price
• About 2 miles from:
• The Columns Development | Phase I and II have been completed with 3MM+ SF of retail, restaurants, entertainment, and hotels | Phase III is currently underway across 105 acres and will include 100,000 SF of retail, a 50,000 SF medical facility, hotel & dining, 14.3 acres of upscale multifamily, and 8 acres of senior-living
• A Walmart Supercenter & Sam’s Club-anchored shopping center
• A Lowe’s-anchored shopping center
• The Jackson market is home to eight area colleges and universities boasting a combined 30,000 students
• About 4 miles South of the $355MM Crossings at Exum Place mixed-use development | Will include 260k SF of commercial spaces, 1,100 residential units, outdoor venues, a farmers market, and ±40 acres of green space
• The Jackson area attracts 800,000 tourists annually and is a prominent business hub for The Kellog Company, Delta Faucet Company, Stanley Black & Decker, Toyota Boshoku Tennessee, Toyota Bodine Aluminum, Owens-Corning, and others
• Asset is located in an income tax-free state
KFC HIGHLIGHTS
• Ranked #2 on USA Today’s Readers’ Choice 2024 rankings for best fast-food restaurants
• Ranked #3 within the QSR Chicken Segment and #16 Overall by QSR Magazine’s in 2023
• Ranked #3 on Brand Finance’s Restaurant 25 2024 Ranking
• Ranked #10 VSiN’s Fast Food Top 50 Power Rankings in 2024
• Ranked #16 on the 2024 Technomic Top 500 Report for largest restaurant chains in the U.S.
• One of the largest QSRs in the world with over 30,000 stores throughout 145 countries and territories | Nearly 4,000 stores in the U.S.
• Yum! Brands Inc. (NYSE: YUM), the owner of KFC, was ranked the 8th largest QSR company in the world by Investopedia in 2024 with $7.03B in total revenue
• Yum! Brands is the world’s largest restaurant company in terms of systemwide restaurants