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KFC/Taco Bell

Piedmont, Alabama

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NNN Pro is pleased to present the exclusive listing for a KFC/Taco Bell located at 206 Highway 278 Bypass, Piedmont, AL 36272. The site consists of roughly 2,411 rentable square feet of building space on an estimated 2.6-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 $73,101 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:
$1,329,115
Cap Rate:
5.50%
Annual Rent:
$73,101
Address:
206 Highway 278 Bypass, Piedmont, Alabama 36272
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:
2.60 Acres
Building Size:
2,411 SF
Year Built:
2019
Tenant:
KFC/Taco Bell

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Alexandre Marietto

License: 10401294047

Amelia Haydock

License: 10401334976

Andrew Darby

Broker of record

Brian Brockman

Bang Realty-Alabama, Inc

License: 119315


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