Tullahoma KFC

Located across from national grocery chain in Tullahoma, TNLee & Associates is pleased to present the Single Tenant Net Leased Kentucky Fried Chicken located at 1701 N Jackson St in Tullahoma, Tennessee. The property consists of an approximately 3,882 square-foot building and is situated on approximately 1.07 acres. The building was built in 1988 and has been renovated in 2006 as well as recently having been renovated in 2018. Kentucky Fried Chicken has six (6) years and eleven (11) months left in their original lease term. Kentucky Fried Chicken also has four (4), (5)-year options to renew remaining, showing a great commitment to the site. The lease is triple-net (NNN), providing zero landlord obligations. The lease is guaranteed by JRN Inc., the 60th largest franchisee in the U.S. according to the Franchise Times. The current NOI is $79,738 with 7.5% increases every five (5) years. The property is located on N Jackson Street, which sees over 25,000 VPD. The subject property is located in the middle of a dense retail corridor in Tullahoma.