KFC

Grand Prairie, TX

Price $1,323,000
Cap Rate 5.25%
TYPE Single-Tenant
STATUS Closed
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 2,357
PRICE/SQ FT $561
YEAR BUILT 2,357
LEASE EXP. 11/30/2038
LISTING AGENT Justin Zahn
480-718-5555
justin@ciadvisor.com
Paul Blackburn, Blackburn Properties
Texas Local Broker #376821

Property Description

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

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7% Rental Escalations every 5 Years
  • Successfully Open & Operating for Decades with an 8.0% Rent-to-Sales Ratio!
  • Demographics: Total Population (5-MI): 230,103 | Avg HH Income (3-MI): $66,788
  • KBP Foods (the largest KFC franchisee in the U.S.) Operates 687 Locations in 23 States (16% of Locations in U.S. System) and will Generate Sales in Excess of $780 Million in 2019 (FQSR, LLC is the Tenant on the Lease, Encompasses All Restaurant Locations)
  • Hard Corner Location, Pad Site to Kroger, Family Dollar & Citi Trends Shopping Center with Great Drive-By Visibility where Traffic Counts Exceed 25,710 CPD!