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Restaurant

KFC

412 N Redington St, Hanford, CA 93230

Listing Price: $3,789,000

Cap Rate
4.75%
Tenant Name
Argonaut Food Partners LLC
Gross SF
2,655
Guarantor
Franchisee Guarantee
Rentable SF
2,655
Price/Gross SF
$1,427.12
Lease Type
Absolute Net
Rent Per Square Feet
$67.80

Investment Overview

The subject property is located at 412 North Redington Street in Hanford CA which is centrally located 200 miles from both Los Angeles and San Francisco. This investment is a new 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

  • HUGE VOLUME SALES LOCATION
  • 120+ Store Franchisee Lease Guarantee - #1 Operational Franchisee in KFC US System
  • New 15 Year Absolute NNN Lease

Exclusively Listed By

Listing Price: $3,789,000

Cap Rate
4.75%
Tenant Name
Argonaut Food Partners LLC
Gross SF
2,655
Guarantor
Franchisee Guarantee
Rentable SF
2,655
Price/Gross SF
$1,427.12
Lease Type
Absolute Net
Rent Per Square Feet
$67.80

Investment Highlights

  • HUGE VOLUME SALES LOCATION
  • 120+ Store Franchisee Lease Guarantee - #1 Operational Franchisee in KFC US System
  • New 15 Year Absolute NNN Lease

Investment Overview

The subject property is located at 412 North Redington Street in Hanford CA which is centrally located 200 miles from both Los Angeles and San Francisco. This investment is a new 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.

Exclusively Listed By

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