1701 Jackson St Tullahoma, TN 37388-2231
- Drive through restaurants
- 3,922 SF
- 1.07 lot acres
Current Use by Public Records
- KFC / Chicken Restaurant / Fast Food Restaurant
Property Details for 1701 Jackson St
- Year built
- 1988
- Lot size
- 1.07 lot acres
- Property size
- 3,922 SF
- Zone code
- C2
- Property type
- Drive through restaurants
- APN
- 016124 00602
- APU
- 1612400602
Description
This exceptional investment opportunity presents a 3,882 square-foot KFC restaurant situated on a 1.07-acre lot in Tullahoma, Tennessee. The property boasts a strong financial profile, featuring a net lease with a remaining term of approximately 6.8 years, and four 5-year renewal options. The lease is an absolute NNN structure, guaranteed by a highly reputable franchisee, the 60th largest in the US, with over 175 units. Built in 1988 and renovated in 2018, the property benefits from a current NOI of $79,738, with built-in rent bumps of 7.5% every five years, the next increase occurring in 2026. The property enjoys a prime location on N Jackson Street, a high-traffic area with over 25,000 vehicles per day, and is surrounded by major national retailers including Kroger, Publix, and Walmart. The Tullahoma market demonstrates robust demographics, with a population exceeding 20,000 and an average household income over $90,000 within a 5-mile radius. This offering presents a compelling combination of a secure, long-term lease, a proven tenant, and a desirable location, making it an attractive investment opportunity. The property is located near the main entrance to the Tullahoma Regional Airport.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $845,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $985,000
- 6.5%
- $975,000
- 7%
- $850,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,075,000
- Geo Method
- $1,060,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $905,000
- Retail
- $840,000
- Mixed-Use
- $1,055,000
- Hospitality
- $890,000
- Educational
- $990,000
- Residential Income
- $1,075,000
- Energy
- $885,000
- Income-Based Land
- $925,000
- Food Service
- $1,065,000
Location Insight
- Map
- Local Demand
- City
- Tullahoma
- County
- Coffee
- State
- Tennessee
- Longitude
- -86.2288
- Latitude
- 35.38
- CBSA code
- 46100
- CBSA name
- TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA