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KFC Ground Lease | Absolute NNN 6908 Dixie Hwy

1,706 SF Retail Building Louisville, KY 40258 £865,685 (£507/SF) 6.20% Net Initial Yield

Investment Highlights

  • Ground Lease | Absolute NNN | No Landlord Responsibilities
  • This Site Ranks in the Top 25% in Kentucky (Placer.ai: Visits/SF)
  • 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
-- Two Years Remaining on Absolute Net Ground Lease with Two Five-Year Options to Renew
-- This Site Ranks in the Top 25% in Kentucky (Placer.ai: Visits/SF)
-- 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
-- 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 Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,706 SF
Building Class
C
Year Built/Renovated
1981/2021
Price
£865,685
Price Per SF
£507
Net Initial Yield
6.20%
NOI
£53,672
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Land Acres
0.56 AC
Zoning
Commercial
Parking
25 Spaces (14.65 Spaces per 1,000 SF Leased)
Frontage
153 ft on Dixie Hwy

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
111800400000
Land Assessment
£271,649
Improvements Assessment
£599,760
Total Assessment
£871,409
  • Listing ID: 29900471

  • Date on Market: 27/10/2023

  • Last Updated:

  • Address: 6908 Dixie Hwy, Louisville, KY 40258

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