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KFC 15 Year Absolute NNN Lease

108 Greenville Bypass, Greenville, AL 36037, USA
$1,504,513

Description

Marcus & Millichap is pleased to present this KFC located at 108 Greenville ByPass, Greenville, Alabama. Greenville is a picturesque city located just half an hour south of Montgomery where Interstate-65, U.S. 31 and Alabama’s Highway 10 converge.
The subject property is a 2,365 square-foot single tenant building on a 0.76-acre-parcel of land. It is a 15-Year lease with no landlord responsibilities. The offering provides seven percent increases, every three years, including during the four five-years option periods.
This asset is located in close vicinity to Macrenshaw Memorial Airport, an 89-acre, city owned, public use airport. It is also moments from Interstate-65 and the Greenville Country Club.
KFC, also known as Kentucky Fried Chicken, is an 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 23,962 Vehicles Per Day
  • Subject Property Located at a Pad Signalized Intersection
  • Rare Alabama QSR Asset
  • Above Average HHI of $52,387, Annually

Property Documents

  • City: Greenville
  • State/county: Alabama
  • Zip/Postal Code: 36037
  • Country: United States

Detail

  • Price: $1,504,513

Additional details

  • CAP Rate: 5.75%
  • NOI: $86,510

Features