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KFC | 20 Yr NNN SLB | 161-Unit Guarantor 528 Highway 46 S 2,939 SF Retail Building Dickson, TN 37055 $2,035,000 ($692.41/SF) 5.65% Cap Rate
INVESTMENT HIGHLIGHTS
- New 20-Year Lease | Excellent Store Performance | Strong Operator (161+ Units)
- Along TN-46 | Dense Retail Corridor | Nearby Schools | Tristar Horizon Medical Center
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, KFC investment property located in Dickson, Tennessee. The tenant recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years and at the beginning of each option providing an excellent hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The lease is guaranteed by Tasty Chick’n, LLC, a 161-unit subsidiary of Tasty Restaurant Group, the 9th largest franchisee group in the U.S. with approximately 400+ units across six brands.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,939 SF
Building Class
C
Year Built/Renovated
1985/2017
Price
$2,035,000
Price Per SF
$692.41
Cap Rate
5.65%
NOI
$115,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.69 AC
Opportunity Zone
Yes
Zoning
B3 - High Commercial Service
Parking
39 Spaces (13.27 Spaces per 1,000 SF Leased)
Frontage
145’ on Hwy 46 S
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 110-065.17 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $421,320 |
PROPERTY TAXES
Parcel Number
110-065.17
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$421,320
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KFC | 20 Yr NNN SLB | 161-Unit Guarantor | 528 Highway 46 S
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