KFC

Hamilton, AL

Price $1,036,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Available
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 3,676
PRICE/SQ FT $281
YEAR BUILT 2003
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 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

Property Highlights

  • Brand New 20 Year Absolute NNN Lease with 5% Rental Escalations every 5 Years
  • Successfully Open & Operating since 2003 with an Attractive 7.22% Rent-to-Sales Ratio!
  • Total Population (5 MI): 7,746 | Average Household Income (1 MI): $62,262
  • 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
  • 1 Mile from Bevill State Community College-Hamilton – A 2 Year College with a Total Enrollment of 850 Students
  • High Drive-by Visibility on the Main East/West Thoroughfare on Bexar Avenue East where Traffic Counts Exceed 20,140 CPD