485 Shady StMountain City, TN 37683
- Retail properties
- 1.40 AC
Property Details for 485 Shady St
- Year built
- 2023
- Lot size
- 1.40 AC
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
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.
Location Insight
- City
- Mountain City
- County
- Johnson
- State
- Tennessee
- Latitude
- 36.4706
- Longitude
- -81.8068
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