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23 Joseph E Lowery Blvd SW
Atlanta, GA 30314
KFC: Brand New 20 Year Absolute NNN Lease · Retail Property For Sale
PROPERTY FACTS
ABOUT 23 JOSEPH E LOWERY BLVD SW , ATLANTA, GA 30314
KFC has a brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years and two five-year renewal options. The tenant, KBP Foods is the largest KFC franchisee in the US operating 739+ locations in 23 states and will generate sales in excess of $825 million in 2020. This asset is slated for another remodel (at tenant’s cost) in 2026 – showing the tenant’s commitment to the location and is at a dense/infill location with high barriers to entry in path of growth/redevelopment! KFC is located in Atlanta, Georgia just off a hard corner with excellent drive-by visibility. The subject location is less than 1 mile from Mercedes Benz-Stadium (home of the Atlanta Falcons with 71,000 seat capacity), 2 miles from Georgia Aquarium, and World of Coca-Cola. KFC is also 2 miles from Georgia State University (enrollment of 34,284), less than half a mile from Clark Atlanta University (enrollment of 3,920), less than 1 mile from Morehouse College (enrollment of 2,175), less than 1 mile from Spelman College (enrollment of 2,907), and less than 3 miles from Grady Health System (640 beds). *In Association with Georgia Local Broker: Rebecca E. Davis, Summit Real Estate #234538
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $130,600 | |
| Land Assessment | $208,560 | Total Assessment | $339,160 |
PROPERTY TAXES
