THE ASSET: KFC operates under a brand new 20-year absolute NNN lease with 2, 5-year renewal options.
ATTRACTIVE RENT INCREASE: The lease calls for attractive annual rent increases of 7% every 5 years during both the original lease term and option periods providing a steady increase in income and an attractive hedge against inflation.
GUARANTOR: Lease Guarantor, KBP Foods is one of the largest owner/operators of KFC and dual concept KFC Restaurants in the country. The 750+ Unit Operator has more than 12,000 employees and 20 years in the business.
STRATEGIC LOCATION: The Property is located along N. Pine Street, a major retail thoroughfare with traffic counts in excess of 19,500 vehicles per day. National nearby tenants include: Walgreens, Wendy’s, Hibbett Sports, Save-A-Lot, Best Western, Walmart, Tractor Supply Co., Dollar Tree, Aaron’s and numerous others.
Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information.
