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30019 Highway 110
Ardmore, TN 38449

$2,025,000 USD

Restaurant For Sale  •  2,886 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 2,886 SF
  • Lot Size 1.38 AC
  • Building Class B
  • Year Built 2007
  • Cap Rate 6.25 %
  • Tenancy Multiple
30 Walk Score

Highlights

LONG-TERM TENANT: KFC/Taco Bell has operated at this l ocation for nearly 20 years, backed by the largest KFC franchisee in the US.
11+ YEARS OF LEASE TERM REMAINING: Tenant has just under 12 years remaining after a 20 year lease extension, extending the term through 2038.
INFLATION-HEDGE RENT GROWTH: The lease features 2% annual increases for the remaining lease term and in each of two, 5-year renewal options.
ABSOLUTE NET LEASE: No landlord responsibilities. Tenant is responsible for everything including roof and structure
STRONG GUARANTOR: Lease is fully guaranteed by KBP Foods, a major 1,110+ unit operator and the largest KFC franchisee in the US.
HIGH-TRAFFIC CORRIDOR: High visibility with 3 Points of ingress/egress. Situated on TN State R oute 110/53 along the Tennessee-Alabama border

Property Flyers

Cap Rate: 6.25 %

Amenities

  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Huntsville International-Carl T Jones Field 46 min - 32.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 42
Type: Surface
Included in Rent: Yes
Dan Yozwiak 614-360-9036 Marcus & Millichap
Dan Yozwiak 614-360-9036 Marcus & Millichap