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197 Madison Square Dr
Madisonville, KY 42431

$1,541,715 USD

Fast Food For Sale  •  6,164 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 6,440 SF
  • Lot Size 0.99 AC
  • Building Class B
  • Year Built 1972
  • Cap Rate 6.65 %
  • Tenancy Single
  • Zoning COM
30 Walk Score

Highlights

Operating under the globally recognized KFC brand, this location benefits from TRG’s extensive experience and market presence.
The lease features 1.5% annual rental increases throughout the initial term and in the option periods, steadily increasing NOI.
Located on Hwy 69, this KFC benefits from high visibility and significant traffic, with over 20,000 VPD.
The property is strategically located near Deaconess Madisonville Hospital, which employs over 500 healthcare professionals, and Tyson Foods.
The location is part of a well-established commercial corridor, surrounded by national and regional retailers such as Walmart, Lowe’s, and Kroger.
The Madisonville area boasts a population of over 25,000 residents within a 5-mile radius, with an average household income of approximately $71,000.
Cap Rate: 6.65 %

Major Tenants

Tenant SF Occupied Lease End Date
KFC 6,440 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