KFC

3328 Ambassador Caffery Parkway, Lafayette, LA 70506

$1,150,000

Cap Rate 6.09%

$1,217,000

Cap Rate 5.75%

Views: 134 DOM: 48 Updated: 06.10.24 Posted: 04.20.24 Status: Sold 06.07.24

Summary

Price $1,150,000 $1,217,000	Built/Renov 2019	Tenant KFC
Cap Rate 6.09% 5.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,100	Lease Start 07-01-2020	#Units 840
Price/SF $547.62 $579.52	Expiration 06-30-2040	Tenant Type Fast Food/QSR
NOI $70,000	R. Term 15.6	Ownership Fee Simple
Rent/SF $33.33	Increases 7.0%/1/yrs	Pop 5Mi 130,039
Lot/AC 0.75	Options 2/5yrs/7.5%	AHHI 5Mi $95,869

Lease Highlights

KFC has 16 years remaining on the current lease term with 2 (5-year) options to extend
The lease features 7% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by FQSR, LLC (840 units backed)

Location Description

KFC is strategically located on Ambassador Caffery Parkway, with access to 38,200 vehicles passing by daily. The property is surrounded by well-known national tenants such as Walmart, Sam's Club, Best Buy, and The Home Depot. Furthermore, it functions as an outparcel to Conn's Home Plus, Boot Barn, and Floor & Decor. Within a convenient 15-minute drive lies downtown Lafayette and The...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Strong tenant synergy
Strong demographics
Major MSA
Long 15+ yr lease
Absolute NNN
Top franchise operator

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Links

KFC Wikipedia KFC Wikipedia Lafayette, Louisiana Zip Code 70506 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: KFC
Guarantor:Franchisee
Company:FQSR, LLC
# Units:840
Tenant S&P: BB+
Moody’s: Ba2
Stock: NYSE: YUM

About Tenant

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned...

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who sold fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. By the end of 2022, the brand operated over 29,900 stores in over 149 countries, with 99% being franchises. In 2023, their revenue was over $34.83B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

KBP Brands ("KBP") is one of the Top 100 Private Companies and Corporate Report 100 Fastest Growing Companies. Across its three brands, KBP operates 1,000+ restaurants in 28 states with 15,000+ employees. The company ranked #3 in Nation's Restaurant News' list of Top 100 Growth in U.S. Food Service Revenue, among many other industry and growth accolades over the years. FQSR, LLC is a brand of KBP and is the largest KFC franchisee in the U.S. with 840+ locations in 28 states. Other brands of KBP include KBP Bells, LLC (a 47-unit Taco Bell entity) and KBP Inspired, LLC (a 117-unit Arby's entity).

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,503	64,329	131,599
2023 Total Population :	6,560	63,576	128,268
2023 Employed Civilian Pop :	3,745	33,720	66,882
2023 Total Businesses :	722	4,015	9,879
2023 Average Household Income :	$ 89,878	$ 101,184	$ 96,693
2023 Total Consumer Spending :	$ 238 M	$ 2471 M	$ 4609 M
2023 Median Age :	38	37	36
2023 Total Households :	3,097	28,274	55,064
2023 Pop Age 25+: Bachelor's Degree :	1,350	13,299	23,986
2023 Average Home Value :	$ 288,130	$ 311,627	$ 296,113

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Johnston Street	Ambassador Caffery Pkwy	2022	27,096	0.20 mi
Ridge Road	Ambassador Caffery Pkwy	2022	4,541	0.21 mi
Ambassador Caffery Pkwy	Westmark Blvd	2009	25,837	0.23 mi
Johnston Street	Ambassador Caffery Pkwy	2022	27,184	0.25 mi
Johnston St	Sears Dr	2006	43,296	0.25 mi
Johnston Street	Broadmoor Blvd	2022	34,111	0.29 mi
Westmark Blvd	Belle Fontaine Dr	2006	5,936	0.33 mi
Ambassador Caffery Pkwy	Tucker Dr	2008	42,114	0.33 mi
Ambassador Caffery Pkwy	William O Stutes St	2004	36,624	0.35 mi
Fountain Bend Drive	Johnston St	2022	1,329	0.53 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

191 Listings
26425 Views
118 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
26527 Views
119 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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