McMinnville, 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 franchisee, Tasty Restaurant Group, operates 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)

• Directly across form Cumberland Plaza, anchored by Lowe’s, Dollar General, Verizon and Goodwill
• The site is ideally situated in a dense retail corridor with numerous nearby national/credit tenants including Tractor Supply Co, Autozone, Advance Auto Parts, O’Reilly Auto Parts, Walgreens, Harbor Freight and 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 Warren County Middle School (767 students) and West Elementary School (448 students), further increasing consumer traffic to the immediate trade area

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Listing ID: a28TP000002LdmnYAC