KFC | A&W

Haleyville, AL

Price $1,073,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Closed
Tenants KFC | A&W
LEASE TYPE Absolute NNN
SQUARE FEET 3,729
PRICE/SQ FT $287
YEAR BUILT 2001
LEASE EXP. 2038
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
John Rusevlyan, Weichert Realtors - Pro South
Alabama Local Broker #93268

Property Description

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

Property Highlights

  • Brand New 20 Year Absolute NNN Lease with 5% Rental Escalations every 5 Years
  • Successfully Open & Operating since 2001 with an Attractive 7.16% Rent-to-Sales Ratio!
  • Total Population (5 MI): 9,582 | Average Household Income (5 MI): $44,788
  • Tenant: KBP Foods - The Largest KFC Franchisee in the U.S. Operating 599 Locations in 23 States & Will Generate Sales in Excess of $650 Million in 2018
  • Location: Positioned at the #1 Intersection in Haleyville!
  • High Drive-by Visibility on the Main East/West Thoroughfare on 21st Street where Traffic Counts Exceed 25,450 CPD