Kfc
$1,497,624
211 W. California Avenue, Ruston, LA 71270
7
Cap Rate
104,833.72
NOI
Details:
Highlights:
- • Absolute Triple Net (NNN) Lease
- • Tenant is KBP Foods - One of the Largest KFC Franchisees in the Country
- • 10 Years Lease Remaining on the 20 Year Lease
- • High Traffic Counts
Description:
The subject property is a single-tenant, absolute NNN leased KFC restaurant offered at an 7% CAP. There are 10 years remaining on the original 20-year lease. The KFC property was remodeled in late 2010. There are attractive 10% rent increases every 5 years and in each of the four, five-year option
periods. There are no landlord maintenance responsibilities under the terms of the absolute net lease.
KBP Foods is headquartered in Overland Park, Kansas. The company currently operates over 1,100 restaurants across the United States.
KBP Foods has closed this location, and they continue to pay the rent as they try to source a new tenant.
Located in the bustling city of Ruston, LA, this prime retail location offers an array of nearby attractions and conveniences. Just minutes away, investors will find the historic downtown district, Louisiana Tech University, and the picturesque Railroad Park. With easy access to major roadways and a vibrant local community, the area is a hotbed for retail and free-standing building investment opportunities. From popular restaurants to charming boutiques, the surrounding neighborhood caters to diverse consumer demands, making it an enticing prospect for investors looking to make their mark in this thriving market.
Location
Gallery
