KFC 15 Year Absolute-Net (NNN) Sale-Leaseback

617 Boll Weevil Cir, Enterprise, AL 36330, USA
$1,068,139

Description

Marcus & Millichap is pleased to present for sale this fee simple, absolute net leased KFC in Enterprise, Alabama just a short drive West of Dothan and an hour’s drive South of Montgomery and is considered a principal city of the Dothan-Enterprise-Ozark Combined Statistical Area with a full time residential population of 35,769 and an average house hold income exceeding $70,395, annually.
The subject property is being delivered with a new 15 year absolute net (no landlord responsibility) lease with rare 10 percent increases every five year, including during the four, five-year option periods.
Fronting US 84, this offering consists of a 1,872 sf building with full service drive up window with ample parking and is situated on .66 AC parcel featuring easy access and excellent visibility to daily traffic counts in excess of 25,220 vehicles daily along Boll Weevil Circle the strong traffic thoroughfare encircles the City of Enterprise.
This site is within the main retail corridor serving Coffee County and is in the immediate proximity of numerous regional and national retailers including; Wells Fargo, Zaxby’s, Ryan’s, Firehouse Subs, AT&T, Walmart, Taco Bell, Walgreens, McDonald’s, GameStop and directly across from Enterprise Shopping Center anchored by JC Penny, TJ Max, Big Lots, Dollar Tree to name a few.
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 10% Increases Every Five Year Periods
  • Traffic counts exceed 25,220 Vehicles Per Day
  • Ingress and Egress To and From Boll Weevil Circle
  • Over 35,769 Full Time Residents Within the Market Area
  • Rare Alabama QSR Asset
  • Above Average HHI of $70,395, Annually

Property Documents

  • City: Enterprise
  • State/county: Alabama
  • Zip/Postal Code: 36330
  • Country: United States

Detail

  • Price: $1,068,139

Additional details

  • CAP Rate: 5.75%
  • NOI: $61,418

Features