Overview

Description

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.

The KFC is strategically located along U.S. Hwy 43 which averages 18,100 vehicles per day. The subject property is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Dollar General, T-Mobile, Tractor Supply Co., O’Reilly Auto Parts, Walmart Supercenter, Autozone, AT&T, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the site is in close proximity to Russellville Hospital (49 Beds), further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 15,000 residents and 5,000 employees. Residents within a 5-mile radius of the subject property have an average household income of $61,774

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