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Restaurant

KFC

217 East 25th Street, Kearney, NE 68847

Listing Price: $1,905,000

Cap Rate
5.25%
Tenant Name
Argonaut Food Partners LLC
Gross SF
2,984
Guarantor
Franchisee Guarantee
Rentable SF
2,984
Price/Gross SF
$638.40
Lease Type
Absolute Net
Rent Per Square Feet
$33.51

Investment Overview

The subject property is located at 217 East 25th Street in Kearney NE which is 120 miles west of Lincoln NE. This investment is an Absolute NNN 15 Year Lease with one of the largest KFC Franchisees in the Nation. In 2016, the Franchisee was selected by KFC Corporate as the #1 Operational Franchisee in the system and has continued this honor annually since 2016. The Subject Property Lease is guaranteed by 120+ 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.

Investment Highlights

  • 6.75% Rent vs. Sales Ratio - Close proximity to University of Nebraska
  • New 15 Year Lease commences at the Close of Escrow
  • 120+ Store Franchisee Lease Guarantee - #1 Operational Franchisee in US KFC System

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Listing Price: $1,905,000

Cap Rate
5.25%
Tenant Name
Argonaut Food Partners LLC
Gross SF
2,984
Guarantor
Franchisee Guarantee
Rentable SF
2,984
Price/Gross SF
$638.40
Lease Type
Absolute Net
Rent Per Square Feet
$33.51

Investment Highlights

  • 6.75% Rent vs. Sales Ratio - Close proximity to University of Nebraska
  • New 15 Year Lease commences at the Close of Escrow
  • 120+ Store Franchisee Lease Guarantee - #1 Operational Franchisee in US KFC System

Investment Overview

The subject property is located at 217 East 25th Street in Kearney NE which is 120 miles west of Lincoln NE. This investment is an Absolute NNN 15 Year Lease with one of the largest KFC Franchisees in the Nation. In 2016, the Franchisee was selected by KFC Corporate as the #1 Operational Franchisee in the system and has continued this honor annually since 2016. The Subject Property Lease is guaranteed by 120+ 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.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

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