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Glasgow, KY - KFC

$2,426,000

214 S L Rogers Wells Blvd, Glasgow, KY 42141

Active
Last Updated: 08/03/2025

6

Cap Rate

145,554

NOI

Details:
Cap Rate:    6%
NOI:    $145,554
Building Size:    4,281 sqft
Lot Area:    0.93 acres
Occupancy:    97%
Year Built:    1992
Zoning:    Light Industrial District
Description:

• The tenant, KFC, currently has 19 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 30,000 KFC restaurants in 150 countries and territories around the world

• Outparcel to a Food Lion anchored center with other supporting retail tenants
• Food Lion ranks in the 77th percentile (14,904 out of 67,581) of all nationwide grocery stores according to Placer.ai
• 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 situated in a dense retail corridor with numerous nearby national/credit tenants including Lowe’s, Aaron’s, Big Lots, Walgreens, Dollar General, Taco Bell, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The site is in close proximity to T.J. Samson Community Hospital (128 beds), further increasing consumer traffic to the immediate trade area

Map:
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