KFC | Absolute NNN
180 N White Mountain Rd Show Low, AZ 85901
Price: $2,425,000
Status: Sold
Cap Rate: 4.90%
Year Built: 1985
NOI: $118,000
Lot Size: 0.56 acres
Price Per Foot: $949
Lease Type: Abs. Triple-Net
Remaining Term: 15+
GLA: 2,554 sqft
Property Intro
Lee & Associates is pleased to exclusively offer for sale to qualified investors the opportunity to purchase a 100% fee-simple interest (land & building) in a Kentucky Fried Chicken (“KFC”) property located at 180 N. White Mountain Rd in Show Low, Arizona. There are 15+ years remaining on KFC’s 20-year absolute triple-net (NNN) lease with (4) five-year renewal options. The lease features rent increases of 7.5% every five (5) years throughout the Primary term and the Option Periods.
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.