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KFC - Madisonville, KY 197 Madison Square Dr 6,440 SF Retail Building Madisonville, KY 42431 $1,601,011 ($248.60/SF) 6.50% Cap Rate
Investment Highlights
- Operating under the globally recognized KFC brand, this location benefits from TRG’s extensive experience and market presence.
- Located on Hwy 69, this KFC benefits from high visibility and significant traffic, with over 20,000 VPD.
- The location is part of a well-established commercial corridor, surrounded by national and regional retailers such as Walmart, Lowe’s, and Kroger.
- The lease features 1.5% annual rental increases throughout the initial term and in the option periods, steadily increasing NOI.
- The property is strategically located near Deaconess Madisonville Hospital, which employs over 500 healthcare professionals, and Tyson Foods.
- The Madisonville area boasts a population of over 25,000 residents within a 5-mile radius, with an average household income of approximately $71,000.
Executive Summary
We are pleased to exclusively offer for sale the 6,440 SF KFC located at 197 Madison Square Drive in Madisonville, KY. This deal includes an 18-year Absolute Triple Net (NNN) Lease, 1.5% annual increases, and a strong guarantee backed by Tasty Chick’n Southeast, LLC, delivering reliable, long-term cash flow.
In Cooperation With ParaSell, Inc., A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
In Cooperation With ParaSell, Inc., A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,440 SF
Building Class
B
Year Built
1972
Price
$1,601,011
Price Per SF
$248.60
Cap Rate
6.50%
NOI
$104,066
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.99 AC
Zoning
COM
Frontage
169’ on Madison Square Dr
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- KFC
- Accommodation and Food Services
- 6,440 SF
- $16.88
- May 2044
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| KFC | Accommodation and Food Services | 6,440 SF | $16.88 | May 2044 |
Nearby Major Retailers
Property Taxes
| Parcel Number | M-43-2-8A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,393,278 |
Property Taxes
Parcel Number
M-43-2-8A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,393,278
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KFC - Madisonville, KY | 197 Madison Square Dr
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