KFC has a brand new 20 year Absolute NNN lease with attractive 7.00% rental escalations every 5 years and two 5 year renewal options. The tenant, KBP Foods, operates 687 locates 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 an 8.0% rent-to-sales ratio!
KFC is located in Grand Prairie, Texas on a hard corner as a pad site Kroger, Family Dollar & Citi Trends shopping center with excellent drive-by visibility. Other nearby retailers include: Walmart Supercenter, ALDI, AutoZone, Family Dollar, Walgreens, CVS Pharmacy, etc. This location is 2 miles from The Epic Central (a 172 acre water park) and 5 miles from Verizon Theatre (6,350 indoor seating capacity volume), Airhogs Stadium (home of the Texas Airhogs), and Lone Star Park (800,000 customer racetrack).
In Association with Texas Designated Broker: Paul Kennon Blackburn | Blackburn Properties | TX License # 376821