Listed by ACRE Investment Real Estate Services Central San Diego
$1,497,624
KFC
Details
Property Type Retail
Sub Type QSR/Fast Food, Free Standing Building
Square Footage 2,500
Units 1
Cap Rate 7.00%
NOI $104,834
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 09/01/2036
Rent Bumps Yes
Price per SqFt $599
Year Built 1991
Year Renovated 2011
Acreage 0.400
Investment Type Net Lease
Lease Commencement 09/01/2016
Retail | 7.00% CAP | 2,500 SqFt
Marketing description
The subject property is a single-tenant, absolute NNN leased KFC restaurant offered at an 7% CAP. There are 10 years remaining on the original 20-year lease. The KFC property was remodeled in late 2010. There are attractive 10% rent increases every 5 years and in each of the four, five-year option periods. There are no landlord maintenance responsibilities under the terms of the absolute net lease.
KBP Foods is headquartered in Overland Park, Kansas. The company currently operates over 1,100 restaurants across the United States.
KBP Foods has closed this location, and they continue to pay the rent as they try to source a new tenant.
Investment highlights
- Absolute Triple Net (NNN) Lease
- Tenant is KBP Foods - One of the Largest KFC Franchisees in the Country
- 10 Years Lease Remaining on the 20 Year Lease
- High Traffic Counts
- KBP Foods Is Currently Looking for a New Tenant for This Location
Listing Contacts
Listed by ACRE Investment Real Estate Services Central San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$104,833.72
$8,736.14/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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