KFC & Taco Bell 2291 Hwy 62 and 412 W. Highland, Hardy, AR Cap Rate 5.9% Hardy ( Arkansas, US ) Built

$2,223,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 3,230 sq. ft.
  • Development Level: Built

Description

KFC & Taco Bell 2291 Hwy 62 and 412 W. Highland, Hardy, AR Cap Rate 5.9%

Cap Rate: 5.9%
NOI: $131,173
Building Size: 3,230 sqft
Occupancy: 100%

DESCRIPTION
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, personal guaranteed, Kentucky Fried Chicken and Taco Bell dual concept, investment property located in Highland, Arkansas. The tenant, FB Foods, LLC, will execute a brand new 20-year sale leaseback at the close of escrow with 4 (5-year) option periods to extend. The lease will feature 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is franchisee guaranteed for the entire lease term, and is personally guaranteed by the operator for 5 years. The lease is absolute NNN with zero landlord responsibilities.


The Kentucky Fried Chicken and Taco Bell dual concept is strategically located along Highway 62 and 412 W (8,300 VPD), a major commuter thoroughfare traveling through the city of Highland. The asset is equipped with a large pylon sign providing excellent visibility along Highway 62 and 412 W. Additionally, the site is equipped with a drive-thru lane, providing ease and convenience to customers. The KFC-Taco Bell is strategically located in the heart of the primary retail corridor servicing the local community and is the only national restaurant within 5 miles, limiting competition. The 5-mile trade area is supported by a population of over 7,000 residents. The 1-mile area has an average household income $50,809.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#444473859
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Information is deemed to be correct but not guaranteed.