Kfc
$2,750,000
3175 W 11th Ave, Eugene, OR 97402
3,194 sqft
Building Size
0.86 acres
Lot Area
Details:
Highlights:
- Experienced Multi-Unit Operator- LRG Restaurant Group, LLC is operated by an experienced KFC franchisee with a 90+ unit portfolio across multiple states. The lease is guaranteed by Argonaut Food Partners, LLC, a proven multi-state operator within the KFC system.
- Dense Trade Area - Located along West 11th Avenue, a primary retail corridor in Eugene, the property benefits from strong retail synergy and proximity to major anchors including Fred Meyer, Homed Depot, and Lowe’s, which drive consistent consumer traffic to the area.
- Strong Visibility & Access - Situated at a four-way signalized intersection along West 11th Avenue (22,587 VPD), the property offers excellent visibility, strong frontage, and multiple points of access. The site also features an extended drive-thru with ample stacking capacity, supporting efficient traffic flow and high-volume operations.
- Strong Demographics - Over 92,000 residents within a 3-mile radius with average household incomes exceeding $83,000, supporting long-term retail demand.
- Long Term NNN Lease - 20-year absolute NNN lease with approximately 15 years remaining, expiring November 30, 2041, plus four 5-year extension options.
- Built-in Rent Growth - 1.5% annual rent increases throughout the base term and option periods, providing consistent income growth.
Description:
This offering presents an opportunity to acquire a single tenant asset with a long term absolute net lease, providing passive ownership and consistent income. The tenant is responsible for all property expenses, including real estate taxes, insurance, and all maintenance, including the roof and structure. This structure minimizes landlord responsibilities and creates a true hands off investment.
The property is operated by an experienced multi unit operator, which adds confidence in the tenant’s ability to perform and remain committed to the location over the long term.
The lease was originally structured as a 20 year term and currently has approximately 15 years remaining, with expiration on November 30, 2041. In addition, the lease includes four five year extension options, offering continued income potential well beyond the initial term.
Annual rent increases of 1.5 percent are built into both the base term and option periods, providing steady income growth and helping offset inflation over time.
Overall, this investment offers a combination of long term stability, minimal management, and reliable rent growth, making it well suited for investors seeking predictable cash flow with limited oversight.
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Location
Gallery