For Sale
$1,805,097

485 Shady StMountain City, TN 37683

New KFC, Absolute Net Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
112

Highlights

  • Brand-new, single-tenant KFC restaurant on 1.4-acre lot in Mountain City, TN.
  • Fee-simple ownership with a 20-year absolute net lease (18.6 years remaining), starting June 23, 2023.
  • Four 5-year renewal options with 10% rent increases every five years.
  • 100% occupancy, generating $101,988 NOI and a 5.65% cap rate. Asking price: $1,805,097.
  • Franchisee-guaranteed lease in tax-free Tennessee, offering excellent visibility and accessibility.

Property Details for 485 Shady St

Property type
Retail properties, Restaurants
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Mountain City
County
Johnson
State
Tennessee
Latitude
36.4705781
Longitude
-81.8067549
485 Shady St, Mountain City, Tennessee
Leaflet | © OpenStreetMap contributors

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485 Shady St
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