3212 Leitchfield Rd Owensboro, KY 42303
- Retail properties
- 3,120 SF
Current Use by Public Records
- Retail properties
Property Details for 3212 Leitchfield Rd
- Property size
- 3,120 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 3,120 square foot KFC restaurant located at 3212 Leitchfield Road, Owensboro, Kentucky, 42303. The property is offered at $1,885,250, representing a 6.00% cap rate and a price per square foot of $604.25. The property features a 20-year absolute NNN lease with Tasty Chick'n, LLC, a franchisee of a major restaurant group managing over 400 restaurants across top-tier brands. The lease commenced September 27, 2024, and expires September 30, 2044, with four 5-year renewal options. Annual rent increases of 1.5% are scheduled, beginning in year six. The current Net Operating Income (NOI) is $113,115. This high-visibility location on Leitchfield Road benefits from over 20,000 vehicles passing daily and is strategically positioned near major employers like Owensboro Health Regional Hospital and Tyson Foods, contributing to a stable customer base. The surrounding area boasts a thriving retail environment with national retailers such as Walmart, Lowe's, and Kroger. Strong local demographics, including over 73,000 residents within a 5-mile radius and an average household income of approximately $76,000, further support the long-term stability of this investment. The tenant's strong corporate guarantee adds to the security of this passive income opportunity. This is a turnkey investment with a proven track record and significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Owensboro
- County
- Daviess
- State
- Kentucky
- Longitude
- -87.061
- Latitude
- 37.7535
