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Cabot, AR - KFC
1003 W. Main Street | Cabot, AR 72023
$1,217,000
Price5.7%
Cap Rate3,925 SF
± SF Building SizeDescription
SRS National Net Lease Group is pleased to present the opportunity acquire the fee simple interest (land & building ownership) in an absolute NNN leased, franchisee guaranteed, drive-thru equipped, KFC investment property located in Cabot, AR. The tenant, will execute a brand new 15-year lease with 4 (5-Year) option periods at the close of escrow (sale leaseback). The lease features 5% rental increases every 5 years and throughout the option the terms, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
The lease is guaranteed by a strong 62-unit franchisee entity. The operator is Franchise Management, Inc. (FMI), one of the largest quick service restaurant franchisees in North America, operating Pizza Huts, KFCs, Taco Bells, Panera Breads, Burger Kings, as well as their own brand of convenience stores. The operator has more than 250 locations across Canada and the United States.
Location
The KFC is located directly along W. Main Street/State Highway 89 (22,000 VPD), the primary commercial thoroughfare traveling through the city of Cabot. The asset is also just half a mile east from the on/off ramps to U.S. Highway 67/167 (38,000 VPD), a direct commuter thoroughfare traveling south to Little Rock (35 min/25 miles). The store benefits from its ideal location with clear ingress/egress points and excellent visibility from W. Main Street with significant amounts of street frontage. In addition, KFC has a large pylon sign displayed along W. Main Street making the site easily identifiable to passing vehicles. KFC is well situated within a dense commercial corridor with nearby national/credit tenants such as a 24-hour Walmart Supercenter, The Home Depot, Kroger, Marshalls, Dollar Tree, CVS, Walgreens, O’Reilly Auto Parts, and more, increasing consumer traffic and promoting crossover shopping to the area. The 5-mile trade area is supported by a population of over 39,000 residents with an average household income of $72,800. Cabot serves as a bedroom community and northern suburb of Little Rock.
Contact
Patrick Luther
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215