Murfreesboro, TN - KFC

Description:

• The tenant, KFC, currently has 18+ years remaining on their initial lease with
3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 1.50% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation
• There are over 32,000 KFC restaurants in 150 countries and territories around the world
• The franchisee, Tasty Restaurant Group, operates 400+ units nationwide across multiple QSR brands (KFC, Burger King, Pizza Hut, Dunkin, and Taco Bell)
• There are over 140 units encompassed by the lease signature (Tasty Chick’n Midwest) and the lease guarantor (Tasty Chick’n Southeast)

• Located within the Nashville MSA, one of the fastest-growing regions in the Southeast, Cookeville continues to strengthen its role as the commercial and retail hub of the Upper Cumberland region
• Multiple new developments in the submarket, including The Willows Shopping Center, which is set to feature both Home Depot and Target, are strengthening Cookeville’s regional retail presence and driving increased daily foot traffic
• Growth is supported by Tennessee Technological University, a robust healthcare sector, and ongoing residential and infrastructure investment
• Proximity to Tennessee Tech, home to over 10,000 students and 1,000+ faculty and staff, drives steady daytime traffic and bolsters local consumer spending

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Listing ID: a28TP000002Le7lYAC