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Restaurant

KFC / A&W

1639 E Idaho Ave, Ontario, OR 97914

Listing Price: $3,500,000

Cap Rate
5.00%
Tenant Name
Argonaut Food Partners LLC
Gross SF
3,713
Guarantor
Franchisee Guarantee
Rentable SF
3,713
Price/Gross SF
$942.63
Lease Type
Absolute Net
Rent Per Square Feet
$47.13

Investment Overview

The subject property is located at 1639 East Idaho Avenue in Ontario OR which is on the Oregon & Idaho border, 50 miles from Boise ID MSA . 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

  • Strong Retail Trade Area - Out Pad to Home Depot & Super Wal-Mart
  • Low Rent vs. Sales Ratio - High Volume Sales Location
  • 120+ Store Lease Guarantee - #1 Operational KFC Franchisee in US System

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s) OR: 201224889

    Oregon

Listing Price: $3,500,000

Cap Rate
5.00%
Tenant Name
Argonaut Food Partners LLC
Gross SF
3,713
Guarantor
Franchisee Guarantee
Rentable SF
3,713
Price/Gross SF
$942.63
Lease Type
Absolute Net
Rent Per Square Feet
$47.13

Investment Highlights

  • Strong Retail Trade Area - Out Pad to Home Depot & Super Wal-Mart
  • Low Rent vs. Sales Ratio - High Volume Sales Location
  • 120+ Store Lease Guarantee - #1 Operational KFC Franchisee in US System

Investment Overview

The subject property is located at 1639 East Idaho Avenue in Ontario OR which is on the Oregon & Idaho border, 50 miles from Boise ID MSA . 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

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s): OR: 201224889

    Oregon

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