Restaurant
KFC
642 W Olive Ave, Porterville, CA 93257
Listing Price: $2,286,000
Investment Overview
The subject property is located at642 West Olive Avenue in Porterville CA. This KFC is a 3,304 square foot freestanding drive-thru building on a 0.55 acre parcel. This investment is a 15 year absolute triple net lease starting at the close of escrow operated/guaranteed by an experienced 145+ Store KFC Growth Approved Franchisee. There are 8% increases every 5 years in primary term and continues in the (4) 5-year options to renew beyond primary lease term.
Exclusively Listed By
Broker of Record
-
Tony Solomon
Senior Vice President/District Manager
Listing Price: $2,286,000
Investment Highlights
- HIGH VOLUME STORE - 4.80% Rent vs. Sales
- 15 Year Absolute NNN Lease with (4) 5 Year Options
- 145+ Store Franchisee Lease Guarantee - KFC Franchisee of the Year Recipient
Investment Overview
The subject property is located at642 West Olive Avenue in Porterville CA. This KFC is a 3,304 square foot freestanding drive-thru building on a 0.55 acre parcel. This investment is a 15 year absolute triple net lease starting at the close of escrow operated/guaranteed by an experienced 145+ Store KFC Growth Approved Franchisee. There are 8% increases every 5 years in primary term and continues in the (4) 5-year options to renew beyond primary lease term.
Exclusively Listed By
Broker of Record
-
Tony Solomon
Senior Vice President/District Manager
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