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KFC
197 Madison Square Drive, Madisonville, KY 42431, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,164 SF KFC Absolute NNN Asset Located at 197 Madison Square Drive in Madisonville, KY. This Deal Includes a 19-Year Absolute Triple Net (NNN) Lease, 1.5% Annual Increases, and a Strong 161‑Unit Corporate Guarantee Backed By Tasty Chick’n Southeast, LLC, a Subsidiary of Tasty Restaurant Group (TRG), Delivering Reliable, Long-Term Cash Flow Backed By a Strong Corporate Guarantee.
19-Year Absolute NNN | Scheduled Rent Increases & Options | Experienced Operator:
- Strong 161-Unit Corporate Guarantee From Tasty Chick’n Southeast: Southeast, LLC: A Subsidiary of Tasty Restaurant Group (TRG), a Strong 161-Unit Corporate Guarantee From Tasty Chick’n Premier Franchise Operator Managing Over 400 Restaurants Across Top-Tier Brands, Including KFC, Pizza Hut, Burger King, Dunkin’ and Taco Bell; TRG is an Affiliate of Triton Pacific Capital Partners
- Brand Strength: Operating Under the Globally Recognized KFC Brand, This Location Benefits From TRG’s Extensive Experience and Market Presence: With 161 KFC Locations Under Their Management, the Combined Strength of Tasty Restaurant Group and KFC Provides Unparalleled Stability, Making This an Attractive and Secure Investment
- Rent Increases & Options: The Lease Features 1.5% Annual Rental, Throughout the Initial Term, and in the Option Periods, Steadily Increasing NOI and Hedging Against Inflation
Prime Madisonville, KY Location | Surrounded By Major Economic Drivers:
- Strategic Madisonville, KY Location: Located on Hwy 41 N. This KFC Benefits From High Visibility and Significant Traffic, With Over 24,000 Vehicles Passing Daily; The Property is Well Positioned in a Thriving Area of Henderson, Ensuring Consistent Customer Traffic and Reinforcing its Value as a Dependable Investment
- Proximity to Major Economic Drivers: The Property is Strategically Located Near Deaconess Henderson Hospital, Which Employs Over 500 Healthcare Professionals, and Tyson Foods, a Major Regional Employer With Over 1,400 Employees; These Key Institutions Contribute to a Stable and Growing Customer Base, Enhancing the Property’s Attractiveness and Ensuring Steady Business
- Robust Retail Environment: The Location is Part of a Well- Established Commercial Corridor, Surrounded By National and Regional Retailers such as Walmart, Lowe’s, and Kroger, Driving Significant Foot Traffic to the Area; This Vibrant Retail Environment Ensures Sustained Visibility and Customer Engagement.
Strong Demographics | Affluent Population | Proven Market Performance:
- Strong Local Demographics: The Henderson Area Boasts a Population of Over 30,000 Residents Within a 5-Mile Radius, With an Average Household Income of Approximately $65,000; These Strong Demographics Support Sustained Demand and Long-Term Stability For the Tenant
- Established Success and Community Presence: This KFC Location Has Become a Trusted and Recognized Establishment Within the Lynchburg Community; the Strong Sales Performance and Long-Standing Presence Make This Property a Proven and Secure Investment
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker – Lic. #260997 BoR: Scott Reid – Lic. KY #260934
KFC
197 Madison Square Drive, Madisonville, KY 42431, USA
TASTY RESTAURANT GROUP
Tasty Restaurant Group, LLC, operates as a vertically integrated quick-service restaurant operator, bringing extensive leadership experience and specialized skills in managing, developing, and divesting restaurant investments. Acting as the management entity for Triton Pacific’s portfolio companies, Tasty Restaurant Group’s leadership team averages over 20 years of industry expertise, having overseen operations for nearly 10,000 franchisee and franchisor locations. Tasty Restaurant Group, LLC, an affiliate of Triton Pacific Capital Partners, is headquartered in Dallas, TX, and operates over 400 restaurants under the Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken, and Taco Bell brands.
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Price
$1,734,429
Cap Rate
6.00%
PREMISES
6,164 SF
RENEWAL OPTIONS
3 x 5 Year Options
Lease Expiration
05/15/2044
Lease Type
Absolute NNN
RENTAL INCREASES
1.5% Annually
BROKERS
Scott Reid, ParaSell LLC
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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