loader
Join Free
Views: 44 DOM: 33 Updated: 11.19.24 Posted: 11.19.24 Status: Active

Summary

Price $1,103,613
Built/Renov 1981/2020
Tenant KFC (GL)
Cap Rate 6.20%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,706
Lease Start 10-01-2016
#Units 14
Price/SF $646.90
Expiration 09-30-2026
Tenant Type Fast Food/QSR
NOI $68,424
R. Term 1.9
Ownership Ground Lease
Rent/SF $40.11
Increases 2.5%/1/yrs
Pop 5Mi 163,903
Lot/AC 0.56
Options 2/5yrs/3%
AHHI 5Mi $64,309

Lease Highlights

  • 1+ years remaining on the current ground lease term with 2 (5-year) options to extend
  • 2.5% annual rental increases throughout the primary term and 3% annual increases throughout the options
  • Absolute NNN lease | Zero landlord responsibilities
  • Multi-unit, multi-state franchisee operator

Location Description

KFC is strategically located on Dixie Highway in a dense retail corridor with nearly 57,000 vehicles passing by daily, offering incredible traffic exposure and multiple points of ingress/egress for efficient traffic flow. The site is surrounded by national tenants such as Panera Bread, Starbucks, Chick-fil-A, Walmart, Home Depot, Lowe’s, McDonald’s, Qdoba, Hobby Lobby, Toyota, Chevrolet, and...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: KFC
  • Guarantor:Franchisee
  • Company:Houston Enterprises USA, Inc.
  • # Units:14
  • 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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity