Wrens, GA - Taco Bell & 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 and Taco Bell investment property located in Wrens, Georgia. The tenant, KBP Foods, has 14 years of term remaining on its 20-year lease with 2 (5-Year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, 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 passive investor.

The asset is located near the signalized, hard-corner intersection of North Main Street and Broad Street, combining to average over 17,500 vehicles passing by daily. North Main Street is a major retail thoroughfare serving the city of Wrens. Furthermore, the site is located near State Highway 17/80, providing an additional 5,400 vehicles daily. The subject property is located near a 43,000+ square foot Ingles Markets, in addition to a 34,400+ square foot IGA grocery store. The property is in the center of Wren’s primary retail corridor with other nearby national/credit tenants including McDonald’s, Subway, O’Reilly Auto Parts, Regions Bank, Family Dollar, Dollar General, H&R Block, Marathon, Chevron, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Wrens Middle school with over 230 students. The 5-mile trade area is supported by a population of over 4,700 with an average household income of $68,461.