KFC 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 2003 with an attractive 7.22% rent-to-sales ratio.
The subject property is located in Hamilton, Alabama, with high drive-by visibility on Bexar Ave. KFC is located less than 1 mile from North Mississippi Medical Center and 1 mile from Bevill State Community College-Hamilton, a public, two-year community college offering academic & technical/vocational programs with total enrollment of 850 students. Nearby retailers include Walmart Supercenter, Tractor Supply, Dollar Tree, Dollar General, Fred’s Store, AutoZone, O’Reilly Auto Parts, Aaron’s, Hibbett Sports, Goody’s, Anytime Fitness, AT&T Retailer.
*In Association With: Weichert Realtors – Pro South