KFC/A&W has a brand new 20 year Absolute NNN lease with 5% rental escalations every 5 years and two 5 year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US, operating 599 locations in 23 states and will generate sales in excess of $650M in 2018. This location has been open and operating since 2001 with an attractive 7.16% rent-to-sales ratio.
The subject property is located in Haleyville, Alabama, on the main east/west thoroughfare with high drive-by visibility. The property is positioned at the #1 intersection in Haleyville! KFC/A&W is 2 miles from Lakeland Community Hospital. Nearby retailers include Walmart Supercenter, Fred’s Store, CVS Pharmacy, Piggly Wiggly, O’Reilly Auto Parts, AutoZone, Elliott True Value, Dollar General, Dollar Tree, AT&T, Hibbett Sports and Goody’s.
*In Association With: Weichert Realtors – Pro South