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KFC 15 Year Absolute NNN Lease

4337 Lafayette St, Marianna, FL 32446, USA
$787,131

Description

Marcus & Millichap is pleased to present this KFC located at 4337 Lafayette Street, Marianna, Florida 32446. The subject property is a 1,872 square-foot single tenant building on 0.95 acres of land. It is a 15-Year Absolute-net (NNN) Lease with no landlord responsibilities. The offering provides base rent with seven percent increases, every three years. This property is located just a few blocks from the central commerce area of the town.
This asset is situated next to the local movie theaters with neighboring tenants such as Pizza Hut and Firestone. There is a mixture of regional and national tenants which include Dollar General, Family Dollar, Waffle House, McDonalds, Wendy’s and Sonic Drive-In in the area.
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 15,269 Vehicles Per Day
  • Above Average HHI of $58,809, Annually
  • Florida is a No Income Tax State

Property Documents

  • City: Marianna
  • State/county: Florida
  • Zip/Postal Code: 32446
  • Country: United States

Detail

  • Price: $787,131

Additional details

  • CAP Rate: 5.50%
  • NOI: $43,292

Features