KFC

Rogers, AR

Price $1,547,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Closed
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 3,384
PRICE/SQ FT $457
YEAR BUILT 2002
LEASE EXP. 12/31/2038
LISTING AGENT Robert E Begley, Lockwood Realty, LLC
Arkansas Local Broker #PB00068219

Property Description

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

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!
  • Great Drive-By Visibility on Major North/South Thoroughfare where Traffic Counts Exceed 22,000 CPD!
  • KBP Foods (the largest KFC franchisee in the U.S.) Operates 687 Locations in 23 States (13% of Locations in U.S. System) and will Generate Sales in Excess of $780 Million in 2018 (FQSR, LLC is the Tenant on the Lease, Encompasses All Restaurant Locations)
  • Pending remodeling: Slated for Remodel by Yearend 2025 - Showing Tenant’s Commitment to the Location!
  • Demographics (5 MI): Total Population: 90,279 | Avg HH Income: $83,887 | Population Growth 2010-2018: 18.23%