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Views: 3 DOM: 2 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 1.10
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...

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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...


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Listing Broker

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