Overview

Description

• The tenant, Mitra QSR KNE, LLC recently executed a brand-new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 1.50% annual rental increases starting in Year 6 of the initial term and continuing through the option periods
• Mitra QSR is the third largest KFC operator. The lease will be with a 100+ unit entity, Mitra QSR KNE, LLC, and guaranteed by 190+ stores

• The subject property is located along S. Main St., which averages over 16,000 vehicles passing by daily
• The asset is ideally situated near multiple national/credit tenants including Dollar General, O’Reilly Auto Parts, Ace Hardware, Love’s, UPS, and more
• Close proximity to Kingfisher High School (414 students) and Gilmour Elementary School (370 students), further increasing consumer traffic to the site

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