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KFC – 15 Year Absolute NNN Lease

109 Ross Clark Cir, Dothan, AL 36303, USA
$1,159,321

Description

Marcus & Millichap is pleased to present for sale this fee simple, absolute net leased KFC at 109 Ross Clark Circle North East, in Dothan, Alabama.
The subject property consists of a 2,706 square-foot single tenant building on a .80-acre-parcel of land with full service drive up window with a combined traffic counts in excess of 36,080 vehicles per day at the signalized intersection. There are 57,866 full time residences with a household income exceeding $62,827 annually in the market area.
It is a 15 Year Absolute Net (NNN) Lease (no landlord responsibilities) with 10 percent increases in rent every five years, including during the four five-year option periods.
There are numerous National and Regional retailers in the immediate area including Shell, Dollar General, McDonald’s, Waffle House, Rural King, Subway, Burger King, Kangaroo Express, Holiday Inn Express & Suites, Regions Bank and Circle K among others.
KFC, also known as Kentucky Fried Chicken, is a  American fast food restaurant chain that specializes in fried chicken, founded by Harland Sanders on March 20, 1930 in North Corbin, Kentucky, United States. It is the world’s second-largest restaurant chain (as measured by sales) after McDonald’s, with almost 20,952 locations globally in 123 countries and territories.

  • Absolute Net Lease “No Landlord Responsibilities“
  • 15 Year Absolute NNN Lease with Rare 7% Increases Every Three Years
  • Traffic counts exceed 36,080 Vehicles Per Day at Signalized Intersection
  • Ingress and Egress To and From Ross Clark Circle
  • Over 57,866 Full Time Residents Within the Market Area
  • Rare Alabama QSR Asset
  • Above Average HHI of $62,827, Annually

Property Documents

  • City: Dothan
  • State/county: Alabama
  • Zip/Postal Code: 36303
  • Country: United States

Detail

  • Price: $1,159,321

Additional details

  • CAP Rate: 5.75%
  • NOI: $66,661

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