KFC
Retail | 6.35% CAP | 3,070 SqFt
Marketing description
Surmount is pleased to present the Broker Opinion of Value for a KFC located at 2615 W Broadway St, Ardmore, OK 73401. The site consists of roughly 3,070 rentable square feet of building space on an estimated 0.57-acre parcel of land. This KFC is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $120,940 and has scheduled increases of 1.25% starting in year 6.
Investment highlights
Long Term NNN Lease | A brand new 20-year lease will be signed at the close of escrow, with no landlord responsibilities along with four, five-year tenant renewal options. This brings the potential lease term to forty years.
Attractive Rental Increases | The lease will feature annual increases of one-and-a-quarter percent (1.25%) starting in year six (6), and through the option periods.
Experienced Operator | Headquartered in Richardson, TX, Ampex Brands is the 17th largest franchisee in the United States according to Franchise Times Top 200. Ampex operates around 400 units of KFC, Taco Bell, Tim Horton's, Long John Silver's, and 7-Elevens.
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