KFC Drive-Through NNN
2456 E Magnolia Ave Knoxville, TN 37917
2456 E Magnolia Ave, Knoxville, TN, 37917
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For Sale
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Absolute NNN, personally guaranteed KFC drive-thru at a signalized corner intersection with a 20-year sale leaseback.
Days on Market104
Property Features for 2456 E Magnolia Ave
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Matthew Mousavi · License #CA 01732226
Source
Crexi
Added: Apr 10 Updated: Jul 20 at 11:31PM Checked: Jul 22 at 6:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This property offers fee simple ownership of an absolute NNN, drive-thru-equipped Kentucky Fried Chicken. The building is configured with a drive-thru lane and features visibility from a large pylon sign. The lease is structured as a brand new 20-year sale leaseback upon close of escrow, with four additional five-year option periods.
The location is described as a signalized, hard corner intersection of North Chestnut Street and East Magnolia Avenue in Knoxville, Tennessee, averaging 22,800 combined vehicles passing by daily. The property is also stated to be less than 1 mile south of Interstate 40, a major east/west thoroughfare for the state.
The tenant is East Tennessee Foods, LLC (a 10-unit entity). The lease is franchisee guaranteed for the entire lease term, and the operator provides a personal guarantee for the first five years. The remarks also state that the lease includes 8% rental increases every five years throughout the initial term and at the start of each option period.
The location is described as a signalized, hard corner intersection of North Chestnut Street and East Magnolia Avenue in Knoxville, Tennessee, averaging 22,800 combined vehicles passing by daily. The property is also stated to be less than 1 mile south of Interstate 40, a major east/west thoroughfare for the state.
The tenant is East Tennessee Foods, LLC (a 10-unit entity). The lease is franchisee guaranteed for the entire lease term, and the operator provides a personal guarantee for the first five years. The remarks also state that the lease includes 8% rental increases every five years throughout the initial term and at the start of each option period.
Key Highlights
- Fee simple ownership of an absolute NNN leased KFC with zero landlord responsibilities and personal/operator guarantees
- Brand new 20‑year sale leaseback to East Tennessee Foods, LLC with 4 (5‑year) option periods
- Lease includes 8% rental increases every 5 years throughout the initial term and at the start of each option period
Property Analytics
Location Intelligence
Current Use by Public Records
KFC
Restaurant
Magnolia Ave Security ...
Locksmith
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Absolute NNN, personally guaranteed KFC drive-thru at a signalized corner intersection with a 20-year sale leaseback.
Where is this drive through restaurant located?
The property is located at 2456 E Magnolia Ave Knoxville, TN.
What are key features of this property?
This property features: Fee simple ownership of an absolute NNN leased KFC with zero landlord responsibilities and personal/operator guarantees; Brand new 20‑year sale leaseback to East Tennessee Foods, LLC with 4 (5‑year) option periods; Lease includes 8% rental increases every 5 years throughout the initial term and at the start of each option period
