For Sale
$1,805,097

485 Shady StMountain City, TN 37683

New KFC, Absolute Net Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, single-tenant KFC restaurant located at 485 S Shady St, Mountain City, Tennessee 37683. The property boasts a fee-simple ownership structure with a 20-year absolute net lease commencing June 23, 2023, and expiring June 23, 2043, leaving a substantial 18.6 years remaining. The building, constructed in 2023, is a state-of-the-art prototype situated on a 1.4-acre lot. The lease includes four 5-year renewal options, with a 10% rent escalation every five years, ensuring consistent income growth. The property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $101,988, resulting in a compelling 5.65% cap rate. The asking price is $1,805,097. This is a franchisee-guaranteed lease, offering significant peace of mind to the investor. The property benefits from excellent visibility and accessibility, and is located in the income tax-free state of Tennessee. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The building is a single-story structure.

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
485 Shady St, Mountain City, Tennessee

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485 Shady St
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