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KFC 2236 US Highway 41 N 2,925 SF Retail Building Henderson, KY 42420 $2,511,014 CAD ($858.47 CAD/SF) 6.25% Cap Rate

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Investment Highlights

Long-Term Lease Remaining – Tasty Chick’n Midwest, LLC has approximately 19 years remaining on the lease term, offering durable
Absolute Triple Net (NNN) Lease – The lease is structured as an absolute NNN, with the tenant responsible for all insurance, utilities, taxes, repairs
Dominant Retail Positioning – The Property is prominently positioned at the entrance to the highly trafficked Audubon Village Shopping Center

Strong Franchise Guarantee – The lease is fully guaranteed by Tasty Chick’n, LLC, a 145 unit operator and subsidiary of Tasty Restaurant Group
Attractive Rent Increases (1.50% Annually) – The lease includes 1.50% annual rent increases, providing built-in income growth and an effective hedge
High Traffic Exposure – The site is located just off U.S. Highway 41, a major north–south arterial corridor with traffic counts exceeding 37,800 VPD

Executive Summary

Retail Investment Opportunity. Absolute Triple (NNN) Lease.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,925 SF

Building Class

Year Built

1984

Price

$2,511,014 CAD

Price Per SF

$858.47 CAD

Cap Rate

6.25%

NOI

$156,938 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.04

Lot Size

1.50 AC

Zoning

COMMERCIAL - Commercial

Parking

26 Spaces (8.89 Spaces per 1,000 SF Leased)

Frontage

95’ on U.S. 41

Restaurant

Drive Thru

Major Tenants

Accommodation and Food Services
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KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.