February 20, 2025 – Brad Canova, Matt Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a KFC in Millington, Tennessee. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,834,898.
KFC is located at 8611 US Highway 51 N in Millington, Tennessee. The Property consists of a 3,946 square foot building that was constructed in 2021. KFC signed a new 20-year triple net lease with four (4), 5-year renewal options upon the close of escrow. The lease features attractive 1.5% annual rental increases throughout the primary lease term and renewal option periods. This location is operated by Tasty Chick’n Midwest, LLC, which is backed by 161 units and is a wholly owned subsidiary of Tasty Restaurant Group. KFC is strategically located at the signalized intersection of Veterans Parkway/W Union Road and US Highway 51, the area’s primary commercial and commuter corridor. The Property enjoys excellent visibility and prominent signage and is surrounded by new construction national retailers and restaurants that drive traffic to the area. Additionally, the Property is close to Millington-Memphis Airport, and The Naval Support Activity Mid-South military base which is one of the largest single employers in the state with more than 7,500 military, civilian, and contractor employees on 1,950 acres.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.