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223 N Morrison Blvd
Hammond, LA 70401
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease: NO Landlord Responsibilities
- Low Price Point: At $1,167,000 This KFC is one of the Lowest Price Point KFC’s available on the Market with a 15 Year Lease Term
- Strong Commitment to the Site-KFC Just Signed a New 15 Year Lease Extension Showing Their Commitment to This Location.
- High Growth Brand: KFC’s Parent Company YUM! Brands had over $63.8 Billion in Sales in 2023 With Same Store Sales Growth of 8.00%.
EXECUTIVE SUMMARY
New 15 year lease extension on a very low price point KFC located in Hammond, LA. The site is surrounded by many national retailers in the immediate trade area including Applebee's, Burger King, Sonic, Planet Fitness, Chili's, Sherwin-Williams, Dollar Tree, Save-A-Lot, Subway, McDonald's, Home Depot, Walmart, CVS, Family Dollar, Walgreens, Big Lots, Pizza Hut, Raising Cane's, Albertsons, Verizon Wireless, Starbucks, 7 Brew, Taco Bell, Popeyes, Enterprise, Chick-fil-A, Best Buy, Target, TJ Maxx, JCPenney, Dillard's, AMC Theatres, Sears, Domino's, Pizza Hut, Wingstop, Discovery Zone, Ross, Office Depot, Hampton Inn, Capital One, Motel 6, North Oaks Hospital, IHOP, Days Inn, La Quinta Inn, Super 8 Motel, Winn Dixie, Raising Cane's, Raising Cane's, Raising Cane's, and more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,572 SF
Building Class
C
Year Built
1992
Price
$1,167,000
Price Per SF
$326.71
Cap Rate
6%
NOI
$70,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.88 AC
Parking
29 Spaces (8.12 Spaces per 1,000 SF Leased)
Frontage
115’ on North Morrison Boulevard
AMENITIES
- Signage
- Drive Thru
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 01376705 | Improvements Assessment | $36,387 |
| Land Assessment | $37,458 | Total Assessment | $73,845 |
PROPERTY TAXES
Parcel Number
01376705
Land Assessment
$37,458
Improvements Assessment
$36,387
Total Assessment
$73,845
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