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KFC 3198 W Northside Dr 3,082 SF Retail Building Jackson, MS 39213 $1,065,659 ($345.77/SF) 6.45% Cap Rate
INVESTMENT HIGHLIGHTS
- World Renowned Brand – KFC is one of the world’s most recognized quick-service restaurant brands, operating in more than 150 countries
- Premier Operator – Franchise Management Inc. (FMI) is one of the largest multi-brand restaurant franchise operators in North America
- Absolute NNN Lease – The tenant is responsible for all expenses providing an investor with passive income and no landlord responsibilities.
- Institutional Development & Planned Infrastructure – Notable projects include the $30 million “Jackson Yards” mixed-use development in downtown
EXECUTIVE SUMMARY
Broker of Record
Phillip Carpenter
License # C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
Phillip Carpenter
License # C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,082 SF
Building Class
B
Year Built
1995
Price
$1,065,659
Price Per SF
$345.77
Cap Rate
6.45%
NOI
$68,735
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.20 AC
Parking
34 Spaces (11.03 Spaces per 1,000 SF Leased)
Frontage
92’ on Northside Dr
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 0731-0009-003 | Improvements Assessment | $37,815 |
| Land Assessment | $2,415 | Total Assessment | $40,230 |
PROPERTY TAXES
Parcel Number
0731-0009-003
Land Assessment
$2,415
Improvements Assessment
$37,815
Total Assessment
$40,230
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KFC | 3198 W Northside Dr
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