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KFC

Attalla, Alabama

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NNN Pro is pleased to present the exclusive listing for a KFC located at 500
Cherry Street, Attalla, AL 35954. The site consists of roughly 2,678 rentable
square feet of building space on an estimated 0.69-acre parcel of land. This
KFC is subject to a 20 Years-year Triple Net (NNN) lease which will
commence upon close of escrow. The annual rent will be $56,867 and has
scheduled increases of 1.50% Annually.

Investment Highlights:

  • Brand New 20-Year Absolute Triple Net (NNN) | Lease to be Signed at Closing
  • Attractive Rental Increases | 1.50% Annual Rental Increases
  • Fee Simple Ownership | Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Key Details

Price:
$988,986
Cap Rate:
5.75%
Annual Rent:
$56,867
Address:
500 Cherry Street, Attalla, Alabama 35954
Property Type:
Restaurant - Quick Service
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Upon COE
Lease Expiration:
20 Years from COE
Lease Term Remaining:
20 Years
Rental Increases:
1.50% Annually
Lot Size:
0.69 Acres
Building Size:
2,678 SF
Year Built:
2018
Tenant:
KFC

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Alexandre Marietto

License: 10401294047

Amelia Haydock

License: 10401334976

Andrew Darby

Broker of record

Brian Brockman

Bang Realty-Alabama, Inc

License: 119315


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