Descriptif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant KFC at 6904 Highway 6 North in Houston, Texas (“Property” or “Asset”). The Property is operating on a ground lease with ±4.1 years of term remaining, with 15% rent escalations in each 5-year option. The property benefits from a low rent of $102,947, nearly 36 years of operating history, and tenancy by KBP Foods, the largest KFC franchisee in the United States

This unique opportunity allows investors the ability to acquire a low-rent KFC located in a dense commercial corridor within the Houston MSA and operated by the largest American KFC franchise.

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Attributs

Prix demandé

2 293 000 $

Taux de capitalisation

6,25 %

RNI

144 000 $

Type de bail

Triple Net Absolu

Durée restante du bail

4.1 années

Superficie du bâtiment brute

268 mètres carrés

Année de construction

1990

Superficie du terrain brute

0,32 ha

Média

Points forts de l'investissement

±4.1 years of primary term remaining with below-market rent of $102K
Absolute NNN Ground Lease - Zero landlord responsibilities
39+ years of operating history
Top 27% of most visited KFC locations in Texas (Placer.ai)
Dense retail corridor, over 6.8M visitors annually at the nearby shopping centers
18% Population growth since 2010 within a five-mile radius
$124K average household income within 5-mile radius
Outparcel to a Lowe's ranking in the top 6% among visitors in the U.S.
Adjacent to HWY 6 which intersects with FM 259 Rd with visibility to 93,000+ VPD
Operated by the largest KFC franchisee in the United States and globally
#3 quick-service restaurant globally by revenue