Kentucky Fried Chicken – Globally Recognized Tenant – Kentucky Fried Chicken (“KFC”), is the world’s most popular chicken restaurant chain with over 20,500 KFC outlets in more than 125 countries and territories around the world. Headquartered in Louisville, Kentucky, KFC is owned by Yum! Brands, Inc., which also owns Pizza Hut and Taco Bell and reported a company revenue of $6 billion in 2016.
#1 Franchisee-Large Operator in the KFC System in 2016 – The Franchisee is a successful KFC Operator with over 86 KFC locations in 12 states. They have been in the KFC System for over 23 years and is recognized as a Preferred Growth Partner with KFC Corporate.
Long Term Absolute NNN Lease – 8% Increases – The original 20 year lease has 13 years remaining and features 8% rent increases every five years in the Primary term as well as throughout the (4) 5 year Option Periods. In addition, the triple-net (NNN) lease provides an investor with zero landlord responsibilities.
Outparcel to Safeway Anchored Shopping Center – Attractive Co-Tenants & Retail Synergy – The subject property is located on an outparcel to a Safeway-anchored shopping center with co-tenants including McDonald’s, Starbucks, Subway, Family Dollar, and Chase Bank. Additional nearby retailers include Taco Bell, Ace Hardware and Pinetop Brewing Company.
Located on Main Traffic Corridor – Excellent Visibility & Signage – The subject property is located along White Mountain Blvd/SR 260, which is the main corridor carrying travelers/commuters through Pinetop-Lakeside to Show Low and into the White Mountains. The site offers excellent visibility to 12,000 cars per day.
Located in Pinetop-Lakeside – Popular Tourism Destination – The subject property is located in Pinetop-Lakeside, a small community in Navajo County, Arizona. Pinetop-Lakeside is located approx. 2 hours east of Flagstaff and approximately 3 hours northeast of Phoenix. The area is a popular summer resort and second-home destination for Arizona’s desert residents looking to escape the heat.