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!