Kfc – Lawrence, Ks

Highlights:

• LONG-TERM ABSOLUTE NNN LEASE: Over 15 years remaining on initial 20-year Absolute NNN lease with attractive 7.00% rental escalations - next increase is one July 1, 2026 - $94,160
• OPERATOR | TENANT: Parent Company of KBP Foods operates ±1,055 locations across 4 brands in 32 states. Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations (+20% of KFC locations in the U.S. system) with anticipated sales in excess of $1.1 billion in 2025 (FQSR, LLC is the tenant on the lease, encompasses all KFC restaurant locations)
• SEASONED LOCATION: Successfully open & operating for decades with an attractive 6.60% Rent-to- Sales ratio!
• TRAFFIC COUNTS: Situated on a signalized, hard corner with great visibility/access on W 23rd St with traffic counts of 21,439 CPD!
• 2025 DEMOGRAPHICS: Total Population (5MI): 100,388 | Average Household Income (1MI): $94,487

Description:

KFC has Over 15 years remaining on initial 20-year Absolute NNN lease with attractive 7.00% rental escalations - next increase is one July 1, 2026 - $94,160. The Tenant, Parent Company of KBP Foods operates ±1,055 locations across 4 brands in 32 states. Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations (+20% of KFC locations in the U.S. system) with anticipated sales in excess of $1.1 billion in 2025 (FQSR, LLC is the tenant on the lease, encompasses all KFC restaurant locations). It is Successfully open & operating for decades with an attractive 6.60% Rent-to- Sales ratio!
The Asset is Situated on a signalized, hard corner with great visibility/access on W 23rd St with traffic counts of 21,439 CPD! Major retailers in Lawrence include Walmart, Target, Kohl’s, Hobby Lobby, Home Depot, Menards, Best Buy, Dick’s Sporting Goods, PetSmart, Petco, T.J. Maxx, Ross Dress for Less, Bomgaars, HomeGoods, World Market, Michaels, Five Below, Ulta Beauty, Goodwill, Dollar Tree, Dollar General, Family Dollar, Westlake Ace Hardware, Harbor Freight Tools, Tractor Supply Co., ALDI, Dillons Food Store, Planet Fitness, Crunch Fitness, and Regal Cinemas. 1 mile from University of Kansas - Lawrence - a public research university offering over 400 degrees & certificate programs with 27,212 students); 1 mile from Haskell Indian Nations University - serving over 140 tribal nations with over 940 students; 3.5 miles from Lawrence Memorial Hospital - a general medical & surgical hospital with 174 beds

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