KFC | Taco Bell

2920 Eldorado Parkway, McKinney, TX

$2,124,000

Price

5.65%

Cap Rate

$120,000

NOI

Overview
Cap Rate
5.65%
NOI
$120,000
Building Size
3,122 sqft
Lot Area
0.96 acres
Lease Type
Triple Net
Year Built
1999
Tenancy
Single
Description

Single Tenant Net Leased KFC:
-Recently extended 15-year lease speaking to the success of the tenant and location
-Absolute NNN lease structure with no Landlord maintenance responsibilities offering passive investment and ease of ownership
-7.5% rental increases throughout the primary term and options offering a hedge against inflation
-Two 5-year options to renew offering 25 years of total lease term

Rapidly Expanding Trade Area: The 5-mile trade area grew by an unprecedented 137% from 2000-2010 and is expected to grow by an additional 12% by 2023 adding to the strength of investment

Dense Affluent Infill Location: Over 18,000 people with average household incomes exceeding $139,000 are located within 1-mile of the subject property

Well Positioned: Off Highway 75 along Eldorado Parkway, a major east/west thoroughfare with average daily traffic volumes exceeding 29,000 vehicles per day

Recently Remodeled/Pride of Ownership Asset: Remodeled to KFC/Taco Bell’s latest pro-type using high quality construction materials like stacked stone, concrete block, and concrete parking

Large, Well Parked Drive-Thru Location: Offering just under one full acre (.96 acres); features a large drive-thru stack, and offers abundant parking

Tax Free State: Texas has no state income tax

Documents
Title
CLICK HERE FOR COMPLETE OFFERING MEMORANDUM
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Location
Gallery