For Sale
$1,805,097

485 Shady St Mountain City, TN 37683

New KFC, Absolute Net Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
136
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

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.
How can I contact the broker?
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485 Shady St
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