485 Shady St Mountain City, TN 37683
New KFC, Absolute Net Lease, High ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Brand-new, single-tenant KFC restaurant on 1.4-acre lot in Mountain City, TN.
- Fee-simple ownership with a 20-year absolute net lease (18.6 years remaining), starting June 23, 2023.
- Four 5-year renewal options with 10% rent increases every five years.
- 100% occupancy, generating $101,988 NOI and a 5.65% cap rate. Asking price: $1,805,097.
- Franchisee-guaranteed lease in tax-free Tennessee, offering excellent visibility and accessibility.
Property Details for 485 Shady St
- Property type
- Retail properties, Restaurants
- Year Built
- 2023
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 60,984 SF
Location Insight
- City
- Mountain City
- County
- Johnson
- State
- Tennessee
- Latitude
- 36.4705781
- Longitude
- -81.8067549
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - New KFC, Absolute Net Lease, High ROI
- Where is the retail property located?
- The property is located at 485 Shady St Mountain City, TN.
- What is the asking price?
- The asking price for this property is $1,805,097.
- What are key features of this property?
- This property features: Brand-new, single-tenant KFC restaurant on 1.4-acre lot in Mountain City, TN.; Fee-simple ownership with a 20-year absolute net lease (18.6 years remaining), starting June 23, 2023.; Four 5-year renewal options with 10% rent increases every five years.
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