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5001 Murfreesboro Rd
La Vergne, TN 37086
KFC - Nashville (La Vergne) TN · Retail Property For Sale
Investment Highlights
- 19 Years Remaining | Annual Rental Increases | Established Brand | KFC - $7.55B in Revenue (2024)
- Top-Performing Location | Surrounding Retailers | Primary Corridor |Residential Consumer Base
- Signalized Hard Corner Intersection | Excellent Visibility & Access
- Absolute NNN Lease | Fee Simple Ownership | Land & Building | Zero Landlord Responsibilities | No State Income Tax
- Strong Demographics & 5 Mile Trade Area | Six-Figure Incomes |Affluent 1-Mile
Executive Summary
• The tenant, KFC, currently has 19 years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 1.50% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation
• There are over 30,000 KFC restaurants in 150 countries and territories around the world
• The franchisee, Tasty Restaurant Group, operates 400+ units nationwide across multiple QSR brands (KFC, Burger King, Pizza Hut, Dunkin, and Taco Bell)
• There are over 140 units encompassed by the lease signature (Tasty Chick’n Midwest) and the lease guarantor (Tasty Chick’n Southeast)
• The lease features 1.50% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation
• There are over 30,000 KFC restaurants in 150 countries and territories around the world
• The franchisee, Tasty Restaurant Group, operates 400+ units nationwide across multiple QSR brands (KFC, Burger King, Pizza Hut, Dunkin, and Taco Bell)
• There are over 140 units encompassed by the lease signature (Tasty Chick’n Midwest) and the lease guarantor (Tasty Chick’n Southeast)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,549 SF
Building Class
B
Year Built/Renovated
2005/2009
Price
$3,396,000
Price Per SF
$746.54
Cap Rate
5.75%
NOI
$195,288
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.77 AC
Zoning
Commercial
Parking
45 Spaces (9.89 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 015-013.01-000 | Improvements Assessment | $340,920 |
| Land Assessment | $498,080 | Total Assessment | $839,000 |
Property Taxes
Parcel Number
015-013.01-000
Land Assessment
$498,080
Improvements Assessment
$340,920
Total Assessment
$839,000
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