About This Restaurant
Investment Highlights
New 15 Year Lease from the Close of Escrow Strong Store Sales - 2020 Interior & Exterior Remodel 125+ Store Franchisee Lease Guarantee - 2023 KFC Franchisee of the Year
Executive Summary
The subject property is located at 2120 North Prince Street in Clovis NM which is 100 miles from both Amarillo TX and Lubbock TX. This investment is a new Absolute NNN 15 Year Lease with one of the largest KFC Franchisees in the Nation which won 2023 Franchisee of the Year honors. The store sales are well above national KFC AUV. The Subject Property Lease is guaranteed by 125+ Stores. The Lease provides for long term stability with 8% increases every 5 years and there are (4) 5 Year Renewal Options after the primary 15-year lease term.
Property Details
- Sale Type Investment NNN
- Sale Condition Sale Leaseback
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food Restaurant
- Building Size 2,608
- Building Class C
- Year Built/Renovated 1987/2020
- Price 1,833,000
- Price Per SF 703
- Cap Rate 6
- NOI 110,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.12
- Land Acres 0.48 AC
Amenities
- Restaurant
- Drive Thru
Nearby Amenities & Transportation
| Retail | Starbucks | ||
| Retail | Albertsons Companies, Inc. | ||
| Retail | IHOP | ||
| Retail | Red Lobster | ||
| Retail | Cotton Patch Caf? | ||
| Retail | Rent-A-Center | ||
| Retail | Lowe's Supermarket | ||
| Retail | WaFd Bank | ||
| Retail | CrossFit | ||
| Retail | Buffalo Wild Wings |
Property Taxes
| Parcel Number | 121101251603700 | Improvements Assessment | $24,696 |
| Land Assessment | $78,993 | Total Assessment | $103,689 |
| Date Created: | 2024-07-16 04:17:58 | Last Updated: | 2024-07-16 04:17:58 |
| Address: | 2120 N Prince St , Clovis, New Mexico, 88101 | ||