KFC

Cedar Hill, TX

Price $2,628,000
Cap Rate 5.35%
TYPE Single-Tenant
STATUS Available
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 2,906
PRICE/SQ FT $904
YEAR BUILT 1990
LEASE EXP. 11/30/2038
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Paul Blackburn, Blackburn Properties
Texas Local Broker #376821

Property Description

KFC has a brand new 20-year Absolute NNN lease with 7% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US, operating 645 locations in 23 states, and will generate sales in excess of $650 million in 2018. This asset is positioned in a dominant retail corridor that has been sucesfully open and operating for decades with and 8.0% rent-to-sales ratio!

KFC is located in Cedar Hill, TX just off US Route 67 with excellent drive by visibility! Nearby retailers include: Burlington, Kroger, Home Zone & Sally Beauty; nearby retailers include Walmart Supercenter, Target, The Home Depot, Kohl’s, Hobby Lobby, Dick’s Sporting Goods, HomeGoods, Dillard’s, JCPenney, Best Buy, Bed Bath & Beyond, H&M, Ross Dress for Less, Marshalls, Five Below, DSW, Pier 1, Tuesday Morning, Michaels, Havertys Furniture, Albertsons, Sprouts Farmers Market, Barnes & Noble, PetSmart, Party City, OfficeMax, Dollar General, Dollar Tree, Cinemax, etc. The subject location is located less than half a mile from Strayer University and less than one mile from Northwood University – Cedar Hill Campus.

*In Association with Texas Designated Broker: Paul Kennon Blackburn, Blackburn Properties, #376821

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with 7% Rental Escalations every 5 Years
  • Positioned in Dominant Retail Corridor – Successfully Open & Operating for Decades with an 8.0% Rent-to-Sales Ratio!
  • Demographics: Total Population (5-MI): 136,970 | Avg HH Income (3-MI): $85,719
  • KBP Foods (the largest KFC franchisee in the U.S.) Operates 645 Locations in 23 States (13% of Locations in U.S. System) and will Generate Sales in Excess of $650 Million in 2018 (FQSR, LLC is the Tenant on the Lease, Encompasses All Restaurant Locations)
  • Situated in a Dense Retail Corridor, just off the J Elmer Weaver Fwy (U.S. Rte 67) with Great Drive-By Visibility on FM 1382 where Traffic Counts Exceed 97,000 CPD!