Lafayette, TN - KFC

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, KFC investment property located in Lafayette, Tennessee (Nashville MSA). The tenant, Tasty Chick’n, LLC recently signed a brand-new, 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.50% annual rental increases starting in year 7 that continues throughout the initial term and options thereafter, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a investor. Today they still follow his formula for success, with real cooks breading and freshly preparing our delicious chicken by hand in more than 26,000 restaurants in over 145 countries and territories around the world.

The KFC is located near the signalized, hard corner intersection of State Hwy 52 and State Hwy 10 with a combined 20,700 VPD. The asset is an outparcel to a Walmart Supercenter-anchored center, which is surrounded by Tractor Supply, Murphy USA, Burger King, Hardee’s, Subway. Other nearby national/credit tenants include Dollar General, Walgreens, O’Reilly Auto Parts, Ace Hardware, McDonald’s, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the site is in close proximity to Macon Community Hospital (25 beds), Fairlane Elementary School (532 students), and Macon County Jr High School (1,738 students), further increasing consumer traffic to the immediate trade area. The 5-mile trade area is supported by a population of over 13,000 and 4,000 employees. Residents within a 5-mile trade radius have an average household income of $69,040.