3212 Leitchfield RdOwensboro, KY 42303

Property Details for 3212 Leitchfield Rd

Property size (Sq ft)

3,120 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 3,120 square foot KFC restaurant located at 3212 Leitchfield Road, Owensboro, Kentucky, 42303. The property is offered at $1,885,250, representing a 6.00% cap rate and a price per square foot of $604.25. The property features a 20-year absolute NNN lease with Tasty Chick'n, LLC, a franchisee of a major restaurant group managing over 400 restaurants across top-tier brands. The lease commenced September 27, 2024, and expires September 30, 2044, with four 5-year renewal options. Annual rent increases of 1.5% are scheduled, beginning in year six. The current Net Operating Income (NOI) is $113,115. This high-visibility location on Leitchfield Road benefits from over 20,000 vehicles passing daily and is strategically positioned near major employers like Owensboro Health Regional Hospital and Tyson Foods, contributing to a stable customer base. The surrounding area boasts a thriving retail environment with national retailers such as Walmart, Lowe's, and Kroger. Strong local demographics, including over 73,000 residents within a 5-mile radius and an average household income of approximately $76,000, further support the long-term stability of this investment. The tenant's strong corporate guarantee adds to the security of this passive income opportunity. This is a turnkey investment with a proven track record and significant upside potential.

Location Insight

City

Owensboro

County

Daviess

State

Kentucky

Latitude

37.7535

Longitude

-87.061

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