Fort Washington, MD - KFC & Taco Bell
$3,345,000
9594-9598 Livingston Rd, Fort Washington, MD 20744
5.35
Cap Rate
178,869
NOI
Details:
Description:
SRS Capital Markets is pleased to offer the opportunity to acquire the land ownership in the ground leased, Taco Bell and KFC investment property located in Fort Washington, Maryland. The tenants, Taco Bell & KFC operate under 10 year lease with more than 6 years remaining and 4 (5-year) options to extend, demonstrating their commitment to the site. The leases feature roughly 1.9% annual increases throughout the initial term and 10% increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The leases are absolute NNN ground leases with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. Both leases are guaranteed by MITRA QSR KNE, LLC, one of the largest Taco Bell & KFC franchisees in the country with over 170 restaurants.
The site is an outparcel to the Shoppes at Livingston Square, a recently redeveloped 71,000+ SF shopping center in Fort Washington, MD. The shopping center ranks
in the 88th percentile of all shopping centers nationwide according to Placer.AI, and its anchor tenant, Giant, is the 14th most visited Giant in the country. The site
sits along Indian Head Hwy (80,000 VPD), and at the intersection of Livingston Rd & Old Fort Rd (21,000+ combined VPD). The asset is down the road from National Harbor, a mixed-use development with Tanger Outlets, MGM Hotel & Casino, various restaurants & shops, and soon, the Sphere National Harbor. There are over 209,000 residents with an average household income of $157,164 in the surrounding 5-miles.
Location
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