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KFC 15 Year Absolute NNN Lease

1801 Ross Clark Cir, Dothan, AL 36301, USA
$1,302,608

Description

Marcus & Millichap is pleased to present for sale this fee simple, absolute net leased KFC at 1801 Ross Clark Circle South East, in Dothan, Alabama.
The subject property consists of a 2,526 square-foot single tenant building on a .89-acre-parcel of land with full service drive up window and is strategically located at the signalized intersection of Ross Clark Circle and third Avenue, with a traffic counts in excess of 23,800 vehicles per day. There are 52,779 full time residences with a household income exceeding $58,389 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 Chevron, Pizza Hut, Papa John’s, Dollar General, Tropical Smoothie Cafe, Wendy’s, Regions Bank, Burger King, O’Reilly, AutoZone and Publix among others.
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 23,800 Vehicles Per Day
  • Ingress and Egress To and From Ross Clark Circle
  • Subject Property Located at a Signalized Intersection
  • Over 52,779 Full Time Residents Within the Market Area
  • Rare Alabama QSR Asset
  • Above Average HHI of $58,389, Annually

Property Documents

  • City: Dothan
  • State/county: Alabama
  • Zip/Postal Code: 36301
  • Country: United States

Detail

  • Price: $1,302,608

Additional details

  • CAP Rate: 5.75%
  • NOI: $74,900

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