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KFC Portfolio

1928 Bessemer Road, Birmingham, AL

Pricing

Price: $1,320,920

Cap Rate: 5.50%

NOI: $72,650.60

Price Per SF: $435.92

Leasable Area: 2,497+ SF

Average Term Remaining: 14.5 Years

Year Built/Remodeled: 1989/2019

Occupancy: 100%

Lot Size: 0.50 Acres

Status: Available

Highlights

  • Strong Tenant - 770+ Unit operator and growing, the Largest KFC Franchise Operator in the Nation.

  • Long Term Lease - There are 14.5 years remaining on base lease term, followed by four, 5-year renewal options following the base term. 

  • Rental Increases - The property has 2% annual rental increases starting in 2021.

  • University of Alabama - The property is located just 5 miles from the University of Alabama, which had record breaking enrollment in 2017 and boasted a Fall 2019 enrollment of 38,103 students

  • Excellent Locations & Demographics - Located on a hard signalized corner with excellent frontage in a densely populated area of Birmingham, AL (186,000+ residents within a 3-mile radius).

  • Zero Landlord Responsibility - All locations are on Absolute Triple Net Leases. There are Zero Management responsibilities, perfect for buyers looking for a “hands-off” investment.

BROKERS OF RECORD: Bang Realty-Alabama, Inc RE # 000119750

41995 Boardwalk Suite L-1

Palm Desert, CA 92211

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Tel: 800-948-1250

Fax: 717-797-0004

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