KFC has a brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US with 687 locations in 23 states and will generate sales in excess of $780 million in 2019. This asset has been successfully open and operating for decades with a 7.93% rent to sales ratio and has an estimated remodel by yearend 2024 – showing the tenants commitment to the location!
KFC is located in El Dorado, Arkansas on a large 1.34 acre parcel on the main east/west thoroughfare with excellent driveby visibility. Nearby retailers include: Walmart Supercenter, The Home Depot, T.J. Maxx, JCPenney, Citi Trends, Brookshire’s, Mac’s Fresh Market, Office Depot, Walgreens, Dollar General, Family Dollar, Dollar Tree, Sears Hometown Store, Ivan Smith Furniture, Aaron’s, Stage, Sally Beauty, Hibbett Sports, Petsense, Shoe Show, Verizon, O’Reilly Auto Parts, AutoZone, Advance Auto Parts, NAPA Auto Parts, Fred’s, Atwoods Ranch & Home. The subject location is less than half a mile from South Arkansas Community College (enrollment of 1,693) and one mile from Medical Center of South Arkansas (166 beds).
*In Association with Arkansas Local Broker: Robert E. Begley, Lockwood Realty, LLC #PB00068219