- The tenant, KFC, currently has 18+ 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)
Investment Offering
Glasgow, KY - KFC
214 S L Rogers Wells Blvd | Glasgow, KY 42141
$2,189,000
Price6.75%
Cap Rate$147,737
NOI1992
Year Built4,281
± SF Offering GLA0.93
± AC Land AreaDescription
Location
- Outparcel to a Food Lion anchored center with other supporting retail tenants
- Food Lion ranks in the 77th percentile (14,904 out of 67,581) of all nationwide grocery stores according to Placer.ai
- The Lowe’s on the neighboring parcel ranks in the 77th percentile (394 out of 1,737) of all nationwide Lowe’s locations via Placer.ai
- The site is ideally situated in a dense retail corridor with numerous nearby national/credit tenants including Lowe’s, Aaron’s, Big Lots, Walgreens, Dollar General, Taco Bell, and many more
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
- The site is in close proximity to T.J. Samson Community Hospital (128 beds), further increasing consumer traffic to the immediate trade area
Documents & Links
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 Offering Memorandum |  |  |
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739