the ben-moshe brothers of marcus millichap bmb commercial real estate nnn caprates property for sale kfc garden city

KFC 15-Year Absolute Triple-Net (NNN)

place 2208 E Kansas Avenue, Garden City, Kansas 67846

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EXECUTIVE SUMMARY

LIST PRICE $1,328,928
CAP RATE 6.25%
INCREASES 7.5% Every 5 Years
LEASE TERM 15 Years
OPTIONS Two 5-Year Options
LOT SIZE 28,869 SF or 0.66 Acre
TYPE OF OWNERSHIP Fee Simple
GUARANTY Franchisee

INVESTMENT DESCRIPTION

The Ben-Moshe Brothers of Marcus & Millichap are pleased to offer this KFC property paired with an absolute net 15-Year lease with zero landlord responsibilities (NNN triple-net investment). Kentucky Fried Chicken, more commonly known by its initials KFC, is an American fast food restaurant chain that specializes in fried chicken. Headquartered in Louisville, Kentucky, it is the world's second-largest restaurant chain (as measured by sales) after McDonald's, with almost 20,000 locations globally in 123 countries and territories as of December 2015. The chain is a subsidiary of Yum! Brands, a restaurant company that also owns the Pizza Hut and Taco Bell chains.

INVESTMENT HIGHLIGHTS

    Brand New 15-Year Lease
    Absolute Triple-Net
    Zero Landlord Responsibilities
    Location Operating Since 1984
    Remodeled In 2009
    Experienced Franchisee
    Conservative Rent-to-sales Ratio
    Accessible Via Traffic Signal
    Directly Across Target
    Outparcel To Jcpenney And Sears Anchored Shopping Center
    Within Walking Distance To Garden City Community College – With Over 2,100 Students And 700 Staff Members
    Over $60,000 In Household Income Within 1 Miles
    Convenient Ingress And Egress
    Single-tenant Net-leased Asset

Exclusive Listing


the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Roee Ben-Moshe
  786-522-7083
  404-683-8383
  Email

the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Leeor Ben-Moshe
  786-522-7059
  404-307-7515
  Email

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