• An Award Winning Net Lease & Retail Commercial Real Estate Group

Description

Marcus & Millichap is pleased to present this KFC located at 440 Hwy 84 East, Cairo, GA 39828. The subject property is a 2,712 squarefoot single tenant building on 1.63 acres of land. It is a 17-Year Absolute-net (NNN) Sale-Leaseback with no Landlord responsibilities. The offering provides base rent with 1.5 percent annual increases. This asset is situated less than 0.2 miles from a Walmart anchored shopping center with tenants such as Dollar Tree and Advanced Auto Parts. The neighboring tenants include Pizza Hut, Hardees, Rite Aid, Walgreens, United National Bank and McDonald’s to name a few. US- 84 is one of two major thoroughfares through Cairo, GA. KFC (the name was originally an initialism for Kentucky Fried Chicken) is a fast food restaurant chain that specializes in fried chicken and is headquartered in Louisville, Kentucky, in the United States. It is the world’s second largest restaurant chain (as measured by sales) after McDonald’s, with 18,875 outlets in 118 countries and territories as of December 2013. The company is a subsidiary of Yum! Brands, a restaurant company that also owns the Pizza Hut and Taco Bell chains.

■ BRAND NEW 17 YEAR NNN LEASE
■ LOCATED ON HIGHWAY 84 EXPERIENCING HIGH TRAFFIC COUNTS OF
OVER 20,000 VEHICLES PER DAY
■ TENANTS IN IMMEDIATE VICINITY INCLUDE WALGREENS, CAIRO TRAVEL
CENTER, BATTERY EXCHANGE, RITE AID, U-HALL AND VERIZON
■ PRICED BELOW REPLACEMENT COST

Property Documents

  • City: Cairo
  • State/county: Florida
  • Country: United States

Detail

  • Price: $554,400

Additional details

  • CAP Rate: 6.25%
  • NOI: $34,650

Features