KFC has a brand new 20 year Absolute NNN lease with 7% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US and operates 687 locations in 23 states and will generate sales in excess of $780 million in 2018. This asset has been successfully open and operating for decades with an 8.0% rent to sales ratio. This location has a bending remodel that will be completed by yearend 2025 – showing tenants commitment to location.
KFC is located in Rogers, Arkansas on South 8th Street with great dive-by visibility. Nearby retailers include: Walmart Supercenter, Hobby Lobby, Surplus Warehouse, Harbor Freight Tools, Rent-A-Center, Dollar General, Walmart Neighborhood Market, Sears Hometown Store, Aaron’s, ALDI, AutoZone, Planet Fitness, Walgreens, CVS Pharmacy. KFC is located 4.5 miles from Northwest Arkansas Community College Bentonville (enrollment of 8,020) and 5 miles from Mercy Hospital Northwest Arkansas (200 beds).
*In Association with Arkansas Local Broker: Robert E Begley, Lockwood Realty, LLC #PB00068219