KFC – HUMBLE, TX

Humble, TX

Price $2,255,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Under Contract
Tenant FQSR, LLC dba. KBP FOODS
LEASE TYPE Absolute NNN
SQUARE FEET 2,194
YEAR BUILT 2024 (October)
LEASE EXP. 10/31/2044
CONTACT Justin Zahn
480-718-5555
[email protected]

Property Description

KFC has a Brand new 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years with two 5-year options to renew. The Tenant, KBP Foods (the largest KFC franchisee in the U.S.) operates ±800 locations in 28 states (+20% of KFC locations in the U.S. system) and generated sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations). It is a New, high-quality, build-to-suit construction of KFC’s “American Showman” prototype – slated to open October 2024 (est. – under construction).

The Asset is Well-positioned in affluent trade area – pad site to Walmart at signalized. KFC is Positioned on a ±0.968-acre lot, with excellent visibility/access on the NWC of Atascocita Rd & Town Center Blvd where traffic counts exceed 29,593 CPD! It is Pad site to Walmart; nearby retailers include Target, Lowe’s, Ross, T.J. Maxx, HomeGoods, Kohl’s, Sephora, Michaels, Party City, Petco, Best Buy, H-E-B, Kroger, ALDI, Spec’s, Dollar Tree, CVS, Walgreens, Goodwill, Verizon, Metro by T-Mobile, AutoZone, and Crunch Fitness. It is 9.5 miles from Lone Star College-Kingwood – a college that offers many academic courses, specialized workforce programs, and career and technical education programs in addition to the standard two-year degrees with 11,711 students (Spring 2024); 7.5 miles from Memorial Hermann Northeast Hospital – a 255- bed facility caring for families in the Lake Houston & Kingwood area for more than 30 years, it serves as a Model System for interdisciplinary rehabilitation services, patient care, education & research center; 9 miles from HCA Houston Kingwood – a full-service, 457-bed acute care hospital equipped with a Level II Trauma Center, Chest Pain Center, Level III Neonatal ICU & Stroke Center.

PAUL BLACKBURN
BROKER OF RECORD
Blackburn Properties
License # 376821

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
  • New, high-quality, build-to-suit construction of KFC’s “American Showman” prototype - slated to open October 2024 (est. - under construction)
  • Positioned on a ±0.968-acre lot, with excellent visibility/access on the NWC of Atascocita Rd & Town Center Blvd where traffic counts exceed 29,593 CPD!
  • KBP Foods (the largest KFC franchisee in the U.S.) operates ±800 locations in 28 states (+20% of KFC locations in the U.S. system) and generated sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations)
  • Well-positioned in affluent trade area - pad site to Walmart at signalized intersection, across the street form ALDI, Spec’s Wines & Dollar Tree Shopping Center
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 158,806 | Average Household Income (1-MI): $148,831