Paducah, KY - KFC (Jackson Street)

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, franchisee guaranteed, drive-thru equipped, Kentucky Fried Chicken investment property located in Paducah, Kentucky. The tenant, Tasty Chick’n Midwest, LLC, has over 15 years remaining on their initial term with 4 (5-year) option periods to extend. KFC pays an annual percentage rent equal to 7% of the amount by which gross sales exceeds the sales base. The lease is franchisee guaranteed (42-Unit Entity) and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

The subject property is strategically located near the signalized hard corner, intersection of Jackson Street and S 28th Street, averaging a combined 34,500 vehicles passing by daily. The building is equipped with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The asset also contains a large pylon sign, increasing visibility to vehicles passing by. Located within a dense retail corridor, the asset is nearby to a variety of national/credit tenants including CVS Pharmacy, Kroger, Dollar Tree, Walgreens, O’Reilly Auto Parts, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. The property is within a few hundred yards of Baptist Health Paducah, a 373-bed care facility, that helps bring customers into the retail area. The 5-mile trade area is supported by a dense population of nearly 46,000 residents with an average household income of more than $60,606.