2560 Anderson Ave, Brownsville, TN 38012

Property Details for 2560 Anderson Ave

Year built

1988

Lot size

2.61 lot acres

Zone code

GC

Property type

Drive through restaurants

APN

094I A 00200

APU

094IA00200

Description

This exceptional investment opportunity presents a 4,123-square-foot KFC restaurant located at 2560 Anderson Ave, Brownsville, TN 38012. The property sits on a substantial 2.88-acre lot and boasts 42 parking spaces, ensuring ample customer convenience. Built in 1988 and extensively renovated in 2023, this single-tenant building enjoys 100% occupancy under a 20-year absolute NNN lease (commencing September 30, 2024, and expiring September 30, 2044), guaranteed by a 161-unit subsidiary of a major U.S. franchisee group. The lease includes four, 5-year renewal options and features annual rent bumps of 1.5% beginning in year seven, yielding a projected average cap rate of 6.34% over the base lease term. The property's strategic location within a high-traffic corridor, including I-40 and Highway 76, offers exceptional visibility and accessibility. This prime location benefits from proximity to major roadways, hotels, other fast-food establishments, and a local school. The restaurant's strong sales performance, consistently exceeding national averages, further underscores its investment potential. The asking price is $2,468,000, with a current NOI of $144,356 and a 5.85% cap rate. The property's location near the significant Blue Oval City development in Tennessee adds to its long-term growth prospects. This is a rare opportunity to acquire a high-performing, well-located KFC restaurant with a secure, long-term lease in a rapidly growing market. The property is located in an income tax-free state.

Location Insight

City

Brownsville

County

Haywood

State

Tennessee

Longitude

-89.2464

Latitude

35.5416

CBSA code

15140

CBSA name

BROWNSVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments