2051 N Highland Ave - Fast Food FOR SALE


Jackson, TN 38305
$3,413,000 USD
949-506-2012
2051 N Highland Ave, Jackson, TN for Sale
$3,413,000 USD
Fast Food - FOR SALE
1/10
null | 6.25% Cap Rate

2051 N Highland Ave
Jackson, TN 38305


HIGHLIGHTS

  • New 20-Year Lease | Annual Increases | Strong Operator (161+ Units)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel to The Old Hickory Mall | Highland Ave (53,580 VPD)
  • Strong Demographics In 5-Mile Trade Area | Income Tax-Free State

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, recently remodeled KFC investment property located in Jackson, Tennessee. The tenant recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.5% annual rental increases, beginning in year 7, and continuing throughout the remainder of the initial term and each option period. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The lease is guaranteed by Tasty Chick’n, LLC, a 161-unit subsidiary of Tasty Restaurant Group, the 9th largest franchisee group in the U.S. with approximately 500 units across six brands. The store has demonstrated exceptional sales performance, with 2023 sales 115% above the national KFC AUV, marking a consistent increase over the past three years, including a 12.5% rise last year, along with strong EBITDAR coverage and a healthy rent-to-sales ratio (speak with the agents for further details).

FOR SALE DETAILS

PRICE

$3,413,000 USD

PRICE/SF

$915 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC | 20-Yr NNN | Exceptional Sales | TN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

SC1

APN/PARCEL ID

055M-E-003.00

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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Gary ChouSRS National Net LeaseMore Info
949-506-2012

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