KFC - Henderson, KY | 2236 US Highway 41 N
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KFC - Henderson, KY 2236 US Highway 41 N
2,925 SF Retail Building Henderson, KY 42420 $2,875,881 CAD ($983 CAD/SF) 6% Cap Rate
Investment Highlights
- Strong 161-Unit Corporate Guarantee From Tasty Chick'n, LLC: A Subsidiary of Tasty Restaurant Group (TRG)
- Rent Increases & Options: The Lease Features 1.5% Annual Rental Increases Starting in Year 6. Throughout the Initial Term
- Proximity to Major Economic Drivers: The Property is Strategically Located Near Deaconess Henderson Hospital
- Brand Strength: Operating Under the Globally Recognized KFC Brand, This Location Benefits From TRG's Extensive and Market Presence
- Strategic Henderson, KY Location: Located on Hwy 41 N. This KFC Benefits From High Visibility and Significant Traffic
- Robust Retail Environment: The Location is Part of a Well-Established Commercial Corridor, Surrounded By National & Regional Retailer
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,925 SF KFC Located at 2236 Highway 41 North in Henderson, KY. This Deal Includes a 20-Year Absolute NNN Lease, Passive Income, an Experienced Operator and the Lease Features 1.5% Annual Rental Increases, Starting in Year 6, Throughout the Initial Term and in the Option Periods, Steadily Increasing NOI and Hedging Against Inflation, Providing For a Secured Investment.
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,925 SF
Building Class
B
Year Built
1984
Price
$2,875,881 CAD
Price Per SF
$983 CAD
Cap Rate
6%
NOI
$172,553 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.50 AC
Zoning
COMMERCIAL
Parking
26 Spaces (8.89 Spaces per 1,000 SF Leased)
Frontage
95 ft on U.S. 41
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Tasty Chick'n LLC
- Accommodation and Food Services
- 2,925 SF
- $59.00 CAD
- Sep 2044
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Tasty Chick'n LLC | Accommodation and Food Services | 2,925 SF | $59.00 CAD | Sep 2044 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 65B-50 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $568,905 CAD |
PROPERTY TAXES
Parcel Number
65B-50
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$568,905 CAD
Contacts
-
Tyler McGarry -
Adam Scherr -
Jonathan Silver -
Sands Investment Group Santa Monica, LLC
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KFC - Henderson, KY | 2236 US Highway 41 N
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