NORTH MIAMI BEACH, Fla. (December 20, 2016)—Tiktin Real Estate Investment Services (TREIS), a full service commercial real estate brokerage, has announced the sale of a freestanding single-tenant Kentucky Fried Chicken (KFC) at 3296 Highway 80 in Jackson, Mississippi. Closing took place December 15, 2016 in a cash deal for $755,000.
The seller, SR Properties One, LLC was represented by TREIS Associate Justin Spiller in cooperation with MS licensed broker, DZ Net Lease Realty. The buyer, Candida Properties, LLC was represented by Reza Ghobad of KW Commercial.
The 2,858 square-foot KFC was built in 1993 and offers a drive-through along with an indoor seating area. The KFC sits on a 21,454 square-foot lot at a signalized corner location on Highway 80, just east of I-220 and north of I-20. The KFC has 13 plus years remaining on its lease, which expires in 2030.
Tiktin Real Estate Investment Services (TREIS) is a South Florida-based commercial real estate brokerage specializing in the sale of shopping centers, single-tenant net lease properties and office buildings in Florida. Founded in 2001 by industry veteran Adam J. Tiktin, TREIS is committed to a higher level of service and an unmatched standard of integrity. The Investment Sales firm is distinguished by its personalized approach, transactional expertise, comprehensive market analysis and aggressive strategies. For more information, call (305) 363-4750 or (844) 4-TIKTIN or visit www.tiktinrealestate.com.