KFC Absolute NNN Leased Offering 703 E 4th Ave, Hutchinson, KS Cap Rate 6.25% Hutchinson ( Kansas, US ) Built

$1,150,592 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,912 sq. ft.
  • Development Level: Built

Description

KFC Absolute NNN Leased Offering 703 E 4th Ave, Hutchinson, KS Cap Rate 6.25%

Cap Rate: 6.25%
NOI: $71,912
Building Size: 2,912 sqft
Lease Type: Absolute Net

Price: $1,150,592 USD

DESCRIPTION
The subject offering is a KFC restaurant in Hutchinson, Kansas. The property is subject to a new 10 year NNN lease. The tenant has four 5 year options to renew and 1% annual increases in rent. The lease calls for zero landlord obligations. The lease is being backed by a 9 unit operator. The property is slated for an exterior remodel at the end of 2017/early 2018. The asset is surrounded by major national retailers including Dillons Supermarket, O’Reilly Auto Parts, and Family Dollar.

HIGHLIGHTS
• New 10 Year Absolute NNN Lease
• 100% Fee Simple Interest
• Zero Landlord Obligations
• Scheduled Annual Increases in Rent
• Strong and Experienced Franchisee
• Nearby Hutchinson Airport
• Located on a Major Commercial Thoroughfare

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#444407454
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Information is deemed to be correct but not guaranteed.