15045 US Hwy 43 - Restaurant FOR SALE


Russellville, AL 35653
$1,054,200 USD
502-442-7079
15045 US Hwy 43, Russellville, AL for Sale
$1,054,200 USD
Restaurant - FOR SALE
1/8
null | 6.42% Cap Rate

15045 US Hwy 43
Russellville, AL 35653


HIGHLIGHTS

  • 20-Year Sale-Leaseback | Scheduled Rental Increases | Experienced Operator | Options to Extend | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Russellville Hospital (49 Beds)
  • Ideally Situated Along U.S. Hwy 43 (18,100 VPD) | Excellent Visibility & Access | Large Pylon Sign
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN Sale-Leaseback, drive-thru equipped, KFC investment property located in Russellville, Alabama. The tenant, Tasty Chick’n Southeast, will enter into a brand new 20-year lease at COE with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases during the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. On average, stores with drive-thrus experience higher sales than those without.

FOR SALE DETAILS

PRICE

$1,054,200 USD

PRICE/SF

$379 USD /SF

CAP RATE

6.42%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC | 20yr Abs NNN SLB w/ Incrs | DrThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Gandy St

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

Business General

APN/PARCEL ID

02-09-29-2-000-058.000-0

ASK ABOUT THIS PROPERTY

Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.