KFC/Taco Bell

Hokes Bluff, Alabama

NNN Pro is pleased to present the exclusive listing for a KFC/Taco Bell located at 5692 Highway 278E, Hokes Bluff, AL 35903. The site consists of roughly 2,160 rentable square feet of building space on an estimated 0.48-acre parcel of land. This KFC/Taco Bell is subject to a 20 Years-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $57,865 and has scheduled increases of 1.50% Annually.

Brand New 20-Year Absolute Triple Net (NNN) – Lease to be Signed at Closing

Attractive Rental Increases – 1.50% Annual Rental Increases

Fee Simple Ownership – Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Key Details

Price:: $1,052,097
Cap Rate:: 5.50%
Annual Rent:: $57,865
Address:: 5692 Highway 278 East, Hokes Bluff, Alabama 35903
Property Type:: Retail
Lease Type:: Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: Upon COE
Lease Expiration:: 20 Years from COE
Lease Term Remaining:: 20 Years
Rental Increases:: 1.50% Annually
Lot Size:: 0.48 Acres
Building Size:: 2,160 SF
Year Built:: 2019
Tenant:: KFC/Taco Bell

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Alexandre Marietto

amarietto@nnnpro.com

License: 10401294047

Amelia Haydock

ahaydock@nnnpro.com

License: 10401334976

Andrew Darby

adarby@nnnpro.com

Broker of record

Brian Brockman

Bang Realty-Alabama, Inc

License: 119315

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