Listed by Matthews
$880,000
KFC
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,644
Cap Rate 7.25%
NOI $63,828
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Lease Term 15
Remaining Term 7
Rent Bumps Yes
Lease Options Two, 5-Year
Price per SqFt $333
Year Built 1995
Buildings 1
Acreage 0.500
Ground Lease No
KFC | Absolute NNN
Marketing description
- Absolute NNN Lease Structure – Approximately ±7 years remain on the initial lease term, in addition to two (2), five-year renewal options. The lease is structured on an absolute NNN basis, with the tenant responsible for all maintenance, repairs, and operating expenses, providing stable, passive income.
- Attractive Rent Growth – The lease features 7.5% rental increases every five years, with the next escalation scheduled for July 2028. Increases continue throughout the option periods, offering predictable income growth and a built-in hedge against inflation.
- Strong Traffic Counts – The property benefits from proximity to Highway 169, which carries traffic counts exceeding 114,000 vehicles per day, and is situated along E 21st Street with approximately 27,000 vehicles per day. This high-visibility location drives sustained consumer demand and long-term revenue stability.
- Stable Population Base and Demographics – There are over 540,000 people in a 10-mile radius and the average household income is north of $100,000. Tulsa is the second largest city in Oklahoma and provides investors with strong and consistent demographics.
Investment highlights
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,828.00
$5,319.00/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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