For Sale
$2,468,000

2560 Anderson Ave Brownsville, TN 38012

High-performing KFC, strong lease terms.

Overview

Added:
Dec 11, 2024
Days on market:
126

Highlights

  • 20-year absolute NNN lease with a corporate guarantee from a major franchisee group.
  • Strong performing location with sales exceeding KFC's national average by nearly 12% in 2023, and consistent sales growth over the past three years.
  • Prime location in a high-traffic area, including the only fast-food corridor for a significant stretch of I-40 and Highway 76, and the sole KFC within a 22-mile radius.
  • Recently remodeled interior (late 2023/early 2024).
  • 1.5% annual rent increases beginning in year 7, yielding an average cap rate of 6.34% over the base lease term.
  • Large 2.88-acre lot with potential for future development.

Property Details for 2560 Anderson Ave

Property type
Retail properties, Restaurants
Square Feet
4,123 SF
Year Built/Renovated
1988/2023
Buildings
1
Lot Size (sq. ft)
125,453 SF
Units
161

Location Insight

City
Brownsville
County
Haywood
State
Tennessee
Latitude
35.5416212
Longitude
-89.2471461
2560 Anderson Ave, Brownsville, Tennessee
Leaflet | © OpenStreetMap contributors

FAQs

What type of property is this?
Retail property - High-performing KFC, strong lease terms.
Where is the retail property located?
The property is located at 2560 Anderson Ave Brownsville, TN.
What is the asking price?
The asking price for this property is $2,468,000.
What are key features of this property?
This property features: 20-year absolute NNN lease with a corporate guarantee from a major franchisee group.; Strong performing location with sales exceeding KFC's national average by nearly 12% in 2023, and consistent sales growth over the past three years.; Prime location in a high-traffic area, including the only fast-food corridor for a significant stretch of I-40 and Highway 76, and the sole KFC within a 22-mile radius.
How can I contact the broker?
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2560 Anderson Ave
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