KFC-Long John Silver’s

Buda (Austin MSA), TX

Price $2,183,000
Cap Rate 5.15%
TYPE Single-Tenant
STATUS Under Contract
Tenant KFC & Long John Silver's
LEASE TYPE Absolute NNN
SQUARE FEET 3,004
PRICE/SQ FT $726
YEAR BUILT 2007
LEASE EXP. 2038
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com

Property Description

KFC-Long John Silver’s has a brand new 20 year Absolute NNN lease with 5% rental escalations every 5 years. The tenant, KBP Foods, is the largest KFC Franchisee in the US operating 575 locations in 20 states and will generate sales in excess of $650 million in 2018. This location has been successfully open and operating since 2007 with an attractive 8.25% rent-to-sales ratio.

The subject property is located in the Austin, TX MSA and is positioned as a pad site to a Walmart Supercenter and adjacent to HEB Grocery and Cabela’s. KFC-Long John Silver’s is 13 miles southwest of Austin, the capital of Texas and home to the University of Texas Flagship Campus. The property is nearby Sunfield Development, a 2,400 acre new home development featuring top homebuilders, affordable prices and resort amenities. This area has had an explosive population growth over the past 7 years with a 61.24% growth in the 3 mile radius!

Property Highlights

  • Brand New 20 Year Absolute NNN Lease with 5% Rental Escalations every 5 Years
  • Successfully Open & Operating since 2007 with an Attractive 8.25% Rent-to-Sales Ratio!
  • Just Off the Hard Corner of Old San Antonio Rd & Main St where Traffic Counts Exceed 3,150 CPD
  • Tenant: KBP Foods - The Largest KFC Franchisee in the U.S. Operating 575 Locations in 20 States & Will Generate Sales in Excess of $650 Million in 2018
  • Positioned on a Pad Site to a Walmart Supercenter (Adjacent to HEB Grocery & Cabela’s)
  • Total Population (5 MI): 60,769 | Avg HH Income (5 MI): $94,307 | Explosive Population Growth 2010-2017 (3 MI): 61.24%