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