Kfc Taco Bell Long Term Tenancy Abs Net Lease Main… — Sale in Ardmore, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Ardmore, TN 38449

Investment Figures

Cap rate
6.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the offering for KFC & Taco Bell in Ardmore, Tennessee. Investment Highlights: • LONG-TERM TENANT: KFC/Taco Bell has Operated at this Location for Nearly 20 Years, Backed by the Largest KFC Franchisee in the US • 11+ YEARS OF LEASE TERM REMAINING: Tenant has just Under 12 Years Remaining After a 20-Year Lease Extension, Extending the Term Through 2038 • INFLATION-HEDGE RENT GROWTH: The Lease Features 2 Percent Annual Increases for the Remaining Lease Term and in Each of Two, Five-Year Renewal Options • ABSOLUTE NET LEASE: No Landlord Responsibilities. Tenant is Responsible for Everything Including Roof and Structure • STRONG GUARANTOR: Lease is Fully Guaranteed by KBP Foods, a Major 1,110-Plus Unit Operator and the Largest KFC Franchisee in the US • HIGH-TRAFFIC CORRIDOR: High Visibility with Three Points of Ingress/Egress. Situated on TN State Route 110/53 Along the Tennessee-Alabama Border with Exposure to Over 10,100 Vehicles Per Day (VPD) Connecting to Downtown Huntsville, Alabama, the Site also Benefits from being Positioned 2.5 Miles from The I-65 Exit 1 Ramp • PROXIMITY TO REGIONAL RETAIL AND MAJOR EMPLOYERS: Located Near Multiple National Retail Tenants such as McDonald's, Shell, O'Reilly Auto Parts, Sonic, Burger King, Piggly Wiggly, Pizza Hut, Dollar General, Subway, Domino's, And More. 0.5 Miles from Ardmore High School with 990 Students, and One Mile from the Tennessee Welcome Center Along I-65 Seeing 24,100 Vehicles Per Day • STABLE LOCAL DEMOGRAPHICS: 15 Mile Population Exceeds 112,500 and is Projected to Increase by 2028. Average Household Incomes within 20 Miles Exceed $110,300. Unemployment is Below 2 Percent within 10 Miles

Market Context

This retail in Ardmore, TN is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Ardmore, TN — view the full market.

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