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Restaurant

KFC

1706 Adams Ave, La Grande, OR 97850

Listing Price: $2,253,000

Cap Rate
4.35%
Tenant Name
LRG Restaurant Group
Years Remaining On Lease
14.9
Guarantor
Franchisee Guarantee
Rentable SF
3,162
Lease Type
Absolute Net
Rent Per Square Feet
$30.99

Investment Overview

The subject property is located at 1706 Adams Avenue in La Grande OR. The property is operating on a new 15 year absolute NNN Lease with 8% rent increases every 5 years and (4) 5 year renewal options beyond the primary lease term. The Lease is guaranteed by 116+ store franchisee operator. The rent vs. sales ratio is below market at 6.75%. The subject property is adjacent to Eastern Oregon University.

Investment Highlights

  • NEW 15 Year Absolute NNN Lease - 2019 Interior/Exterior Remodel
  • 116 Store Franchisee Lease Guarantee - #1 Operational KFC Franchisee in the US System
  • 6.75% RENT vs. Sales Ratio - 8% Rent Increases Every 5 Years

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Listing Price: $2,253,000

Cap Rate
4.35%
Tenant Name
LRG Restaurant Group
Years Remaining On Lease
14.9
Guarantor
Franchisee Guarantee
Rentable SF
3,162
Lease Type
Absolute Net
Rent Per Square Feet
$30.99

Investment Highlights

  • NEW 15 Year Absolute NNN Lease - 2019 Interior/Exterior Remodel
  • 116 Store Franchisee Lease Guarantee - #1 Operational KFC Franchisee in the US System
  • 6.75% RENT vs. Sales Ratio - 8% Rent Increases Every 5 Years

Investment Overview

The subject property is located at 1706 Adams Avenue in La Grande OR. The property is operating on a new 15 year absolute NNN Lease with 8% rent increases every 5 years and (4) 5 year renewal options beyond the primary lease term. The Lease is guaranteed by 116+ store franchisee operator. The rent vs. sales ratio is below market at 6.75%. The subject property is adjacent to Eastern Oregon University.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

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