Dark KFC
Retail Property For Sale
Marketing description
DARK KFC at 900 Gilmer St, Sulphur Springs, TX 75482 presents a compelling net-leased retail investment in a growing East Texas market. Built in 2018 as a build-to-suit for KFC’s modern “American Showman” prototype, the 2,340 SF property sits on 0.66 acres with excellent visibility along Gilmer Street near Interstate 30.
The asset is offered with an absolute NNN lease, creating a true passive investment with zero landlord responsibilities. The lease is guaranteed by FQSR, LLC d/b/a KBP Foods, the largest KFC franchisee in the U.S., operating approximately 830 locations across 28 states. With over 12.9 years remaining on the initial 20-year term and 7% rent increases every five years, the property delivers durable income growth and strong long-term stability.
Positioned among a dense lineup of national retailers including Walgreens, CVS, Dollar Tree, O’Reilly Auto Parts, AutoZone, Pizza Hut, and Dollar General, the site benefits from strong surrounding commercial activity and traffic counts of approximately 16,524 VPD on Gilmer Street, with nearby I-30 exposure to more than 42,538 VPD. An attractive opportunity in Texas, a no state income tax market.
Investment highlights
- Newer 2018 Build to Suit Construction of KFC's Newest "American Showman" Prototype with 100% Steel Frame, High-Grade Duro Last Roof & Stucco Exterior
- Modern 2018 Construction Minimizes near-term capital Expenditure risk
- This lease provides for 94% of investors basis to be recovered through the initial lease term
- Absolute NNN Lease Structure | Zero Landlord Responsibilities
- Strong Guarantor: FQSR, LLC d/b/a KBP Foods — the largest KFC franchisee in the U.S., operating approximately 830 locations across 28 states.
- Texas is an Income Tax Free State
- Surrounded by Many National Tenants: Napa Auto Parts, O'Reilly Auto Parts, Dollar Tree, CVS, Metro PCS, Pizza Hut, Dollar General, AutoZone, Walgreens, Chicken Express and Many More
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