Dickson, 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, KFC investment property located in Dickson, Tennessee. The tenant recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years and at the beginning of each option providing an excellent hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The lease is guaranteed by Tasty Chick’n, LLC, a 161-unit subsidiary of Tasty Restaurant Group, the 9th largest franchisee group in the U.S. with approximately 400+ units across six brands.

The KFC is located along TN-46, a major retail road that averages 31,100 VPD. The site is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Lowe’s, Big Lots, Ross, Hobby Lobby, Marshall’s, Walmart Supercenter, Dollar General, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The asset is in close proximity to Nashville State Community College Dickson Campus (104 students), Dickson Middle School (563 students), and TriStar Horizon Medical Center (158 beds), further increasing consumer traffic to the site. The 5-mile trade area is supported by more than 25,000 and 14,000 employees, providing a direct consumer base from which to draw. Residents within a 5-mile radius of the subject property have an average household income of $90,295.

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