KFC/Taco Bell | Approx 14yrs Remain Abs NNN 302 N Main St 2,686 SF 100% Leased Retail Building Wrens, GA 30833 $1,691,000 ($629.56/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Approximately 14 Years Remaining | Options To Extend | Scheduled Rental Increases
- Strong Retail Corridor | National/Credit Tenant Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, KFC and Taco Bell investment property located in Wrens, Georgia. The tenant, KBP Foods, has 14 years of term remaining on its 20-year lease with 2 (5-Year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,686 SF
Building Class
C
Year Built
2006
Price
$1,691,000
Price Per SF
$629.56
Cap Rate
5.75%
NOI
$97,230
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
1.32 AC
Zoning
Commercial
Parking
38 Spaces (14.15 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
