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2236 Highway 41 North, Henderson, KY, 42420

KFC
$1,835,000

Key Information

Cap Rate
6.25%
Tot. SF
2,925
Lot Size
0.55 Acres
Year Built
1984
Type
Retail
NOI
$114,695

Highlights

  • Long-Term Lease Remaining – Tasty Chick’n Midwest, LLC has approximately 19 years remaining on the lease term, offering durable, long-term income stability and a strong commitment to the site.
  • Strong Franchise Guarantee – The lease is fully guaranteed by Tasty Chick’n, LLC, a 145 unit operator and subsidiary of Tasty Restaurant Group, which operates more than 415 restaurants across 23 states. The group operates under several nationally
    recognized quick-service brands, including Pizza Hut, KFC, Burger King, Dunkin’, Taco Bell, and Baskin Robbins.
  • Absolute Triple Net (NNN) Lease – The lease is structured as an absolute NNN, with the tenant responsible for all insurance, utilities, taxes, repairs, and maintenance, resulting in zero landlord responsibilities.
  • Attractive Rent Increases (1.50% Annually) – The lease includes 1.50% annual rent increases, providing built-in income growth and an effective hedge against inflation.
  • Dominant Retail Positioning – The Property is prominently positioned at the entrance to the highly trafficked Audubon Village Shopping Center, which is anchored by Columbia Sportswear and Ruler Foods. The center is further supported by a diverse mix of national and local tenants including DaVita, Shoney’s American Restaurant, Finders Keepers, AQ Cell Phone Repair, and others.
  • High Traffic Exposure – The site is located just off U.S. Highway 41, a major north–south arterial corridor with traffic counts exceeding 37,800 vehicles per day (KYTC, 2024), providing excellent visibility, accessibility, and consumer exposure.
  • Proximity to Regional Attractions – The Property is situated just a few miles south of Ellis Park Racing & Gaming, a major regional entertainment and tourism destination that drives consistent visitation and enhances area draw.
  • Nearby Employment & Medical Hub – The site benefits from close proximity to key economic drivers, including Deaconess Henderson Hospital, supporting a strong daytime population and sustained demand for quick-service dining.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203