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223 North Morrison Blvd
Hammond, LA 70401
Asking Price
$1.17M
Cap Rate
6.1%
Asset Type
Restaurant Retail
Class
Class B
What's Special
KFC | 6.10% CAP | Absolute NNN | 13+ Years Remaining <ul><li>Absolute NNN Lease: NO Landlord Responsibilities</li><li>Strong Commitment to the Site-KFC Just Signed a New 15 Year Lease Extension Showing Their Commitment to This Location.</li><li>Low Price Point: At $1,167,000 This KFC is one of the Lowest Price Point KFC's available on the Market with a 15 Year Lease Term</li><li>High Growth Brand: KFC's Parent Company YUM! Brands had over $63.8 Billion in Sales in 2023 With Same Store Sales Growth of 8.00%.</li></ul>
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NOI
$80,000
Cap Rate
6.87%
DSCR
1.16
Tight
Cash-on-Cash
3.10%
Monthly Payment
$5,763.784
Annual Cash Flow
$10,834.588
