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KFC 15 Year Absolute NNN Lease

1015 E Shotwell St, Bainbridge, GA 39819, USA
$1,466,737

Description

Marcus & Millichap is pleased to present this KFC located at 1015 East Shotwell Street in Bainbridge, Georgia. Bainbridge lies along the Flint River, near the Florida border and 40 miles northwest of Tallahassee, Florida.
The subject property is a 3,048 square-foot single tenant building on 0.75-acre-parcel of land. It is a 15-Year Absolutenet (NNN) lease with no Landlord responsibilities. The offering provides seven percent increases, every three years, including diring the four five-years option periods.
This asset is situated just down the road from Bainbridge State College, a four-year university on 173 acres and with over 4,000 students in attendance. It is also located in close vicinity to Memorial Hospital and Manor, an 80 Bed hospital and 107 Bed long-term care facility.
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 14,000 Vehicles Per Day
  • Subject Property Has Direct Exposure to 14,000 Vehicles Per Day
  • Over 16,504 Full Time Residents Within the Market Area
  • Above Average HHI of $53,149, Annually

Property Documents

  • City: Bainbridge
  • State/county: Georgia
  • Zip/Postal Code: 39819
  • Country: United States

Detail

  • Price: $1,466,737

Additional details

  • CAP Rate: 5.75%
  • NOI: $84,337

Features