2236 Highway 41 Henderson, KY 42420

Property Details for 2236 Highway 41

Property size

2,925 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,925 square foot KFC restaurant located at 2236 Highway 41 North in Henderson, Kentucky, 42420. The property is offered at $2,028,883, representing a 6.00% cap rate and a price per square foot of $693.64. The property boasts a 20-year absolute NNN lease with Tasty Chick'n LLC, a franchisee of a major restaurant group operating over 400 restaurants across top-tier brands. The lease commenced September 27, 2024, and expires September 30, 2044, with four 5-year renewal options. The lease includes annual rent bumps of 1.5%, starting in year 6, providing built-in inflation protection and increasing net operating income (NOI) which currently stands at $121,733. The tenant benefits from the strong brand recognition of KFC and the operational expertise of a large, established franchisee with an 80-unit corporate guarantee. The property enjoys a prime location on Highway 41 North, a high-traffic area with over 24,000 vehicles passing daily. Its proximity to major employers like Deaconess Henderson Hospital and Tyson Foods ensures a consistent customer base. The surrounding area features a robust retail environment with national retailers such as Walmart, Lowe's, and Kroger, further enhancing visibility and foot traffic. The Henderson area boasts a strong demographic profile, with over 30,000 residents within a 5-mile radius and an average household income of approximately $65,000. This established KFC location offers a secure and attractive investment opportunity with significant long-term growth potential. The property is currently 100% occupied.

Location Insight

City

Henderson

County

Henderson

State

Kentucky

Longitude

-87.5703

Latitude

37.87