Dyersburg, 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 operator, Tasty Restaurant Group, manages 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)

• Outparcel to a Big Lots anchored center with additional supporting retailers including Dollar General, and Sally Beauty
• The Lowe’s on the neighboring parcel ranks in the 77th percentile (394 out of 1,737) of all nationwide Lowe’s locations via Placer.ai
• The site is ideally positioned within a dense retail corridor, surrounded
by numerous national and credit tenants including Lowe’s, Walmart Supercenter, Kroger, Bealls, Tractor Supply, Dollar General, Harbor Freight,
• Jimmy John’s, and many more
• The site is located less than two miles from The Commons of Dyersburg, a regional shopping destination featuring major retailers such as Marshalls, Hobby Lobby, Ulta Beauty, Five Below, Old Navy, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site

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Listing ID: a28TP000002LdejYAC