2560 Anderson AveBrownsville, TN 38012

Property Details for 2560 Anderson Ave

Year built

1988

Lot size

2.61 AC

Property size (Sq ft)

4,092 SF

Zone code

GC

Property type

Retail properties

Property subtype

Drive through restaurants

APN

094I A 00200

APU

094IA00200

Description

This exceptional investment opportunity presents a 4,123-square-foot KFC restaurant located at 2560 Anderson Ave, Brownsville, TN 38012. The property sits on a substantial 2.88-acre lot and boasts 42 parking spaces, ensuring ample customer convenience. Built in 1988 and extensively renovated in 2023, this single-tenant building enjoys 100% occupancy under a 20-year absolute NNN lease (commencing September 30, 2024, and expiring September 30, 2044), guaranteed by a 161-unit subsidiary of a major U.S. franchisee group. The lease includes four, 5-year renewal options and features annual rent bumps of 1.5% beginning in year seven, yielding a projected average cap rate of 6.34% over the base lease term. The property's strategic location within a high-traffic corridor, including I-40 and Highway 76, offers exceptional visibility and accessibility. This prime location benefits from proximity to major roadways, hotels, other fast-food establishments, and a local school. The restaurant's strong sales performance, consistently exceeding national averages, further underscores its investment potential. The asking price is $2,468,000, with a current NOI of $144,356 and a 5.85% cap rate. The property's location near the significant Blue Oval City development in Tennessee adds to its long-term growth prospects. This is a rare opportunity to acquire a high-performing, well-located KFC restaurant with a secure, long-term lease in a rapidly growing market. The property is located in an income tax-free state.

Location Insight

City

Brownsville

County

Haywood

State

Tennessee

Latitude

35.5416

Longitude

-89.2464

CBSA code

15140

CBSA name

BROWNSVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].