Gallatin, 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)

• The KFC is located directly across from Gallatin High School, which has over 1,600 students, creating a consistent flow of consumer traffic from students, faculty, and staff to the site
• The site is ideally situated within a dense retail corridor, surrounded by numerous national and credit tenants including Walmart Supercenter, Kroger, Aldi, Bealls, Whataburger, Chili’s, Panera Bread, CVS Pharmacy, Dollar Tree, and others
• 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: a28TP000002LdJlYAK