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197 Madison Square Dr
Madisonville, KY 42431

$1,665,056 USD

Fast Food For Sale  •  6,164 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 6,164 SF
  • Lot Size 0.99 AC
  • Building Class B
  • Year Built 1972
  • Cap Rate 6.25 %
  • Tenancy Single
  • Zoning COM
0 Transit Score
40 Walk Score

Highlights

A Subsidiary of Tasty Restaurant Group (TRG), a Strong 161-Unit Corporate Guarantee From Tasty Chick'n Premier Franchise Operator
Operating Under the Globally Recognized KFC Brand, This Location Benefits From TRG's Extensive Experience
The Lease Features 1.5% Annual Rental, Throughout the Initial Term, and in the Option Periods, Steadily Increasing NOI and Hedging Against Inflation
Located on Hwy 41 N. This KFC Benefits From High Visibility and Significant Traffic, With Over 24,000 Vehicles Passing Daily
The Property is Strategically Located Near Deaconess Henderson Hospital, Which Employs Over 500 Healthcare Professionals
The Location is Part of a Well- Established Commercial Corridor, Surrounded By National and Regional Retailers such as Walmart
Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
KFC 6,164 SF 5/15/2044
Tyler McGarry 310-558-2029 Sands Investment Group Santa Monica, LLC
Tyler McGarry 310-558-2029 Sands Investment Group Santa Monica, LLC