15045 Highway 43 Russellville, AL 35653
- Retail properties
- 2,784 SF
- 1.40 lot acres
Current Use by Public Records
- KFC / Chicken Restaurant / Fast Food Restaurant
Property Details for 15045 Highway 43
- Year built
- 1998
- Lot size
- 1.40 lot acres
- Property size
- 2,784 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This fee-simple ownership opportunity presents a 2,784 square foot KFC restaurant in Russellville, Alabama. Located on Hwy 43 (18,100 VPD), this drive-thru equipped property boasts a new 20-year absolute NNN lease with Tasty Chick'n Southeast, a corporate guaranteed tenant. The lease includes four 5-year renewal options with 10% rent increases, ensuring consistent NOI growth. The property sits on a 1.4-acre lot with 16 parking spaces and benefits from a strong retail corridor with national tenants like Dollar General, Walmart, and Tractor Supply. The 5-mile trade area has over 15,000 residents and 5,000 employees, with an average household income of $61,774. Built in 1998, the property has a 6.42% cap rate, $67,647 NOI, and an asking price of $1,054,200 ($378.66/sq ft). The property is zoned for general business use and offers excellent visibility and access. This is a management-free investment opportunity with significant upside potential due to the strong tenant, lease terms, and location. The property's APN is 02 09 29 2 000 058.000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Russellville
- County
- Franklin
- State
- Alabama
- Longitude
- -87.718
- Latitude
- 34.5096
