Restaurant

KFC

516 E Cedar St, Deming, NM 88030

Listing Price: $1,696,000

Cap Rate
5.75%
Tenant Name
Argonaut Food Partners LLC
Gross SF
2,472
Guarantor
Franchisee Guarantee
Rentable SF
2,472
Price/Gross SF
$686.08
Lease Type
Absolute Net
Rent Per Square Feet
$39.44

Investment Overview

The subject property is located at 516 East Cedar Street in Deming NM. 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 for 2017, 2018 & 2019. The Subject Property Lease is guaranteed by 80+ 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

  • Franchisee Tenant is #1 in KFC US System for Operational Excellence past 3 years
  • 8% Rent Increases Every 5 Years - Management Free Investment
  • NEW 15 Year Absolute NNN Lease - Commenced Feb 2020
  • 2019 Exterior & Interior Remodel to new KFC Design
  • 80+ Store Franchisee Lease Guarantee - KFC Approved Growth Partner
  • 7.50% Rent vs. Sales Ratio - Above KFC AUV

Exclusively Listed By

  • Aaron J. Hines

    First Vice President Investments

    Email Aaron

    License(s): WA: 85665

    Seattle

Listing Price: $1,696,000

Cap Rate
5.75%
Tenant Name
Argonaut Food Partners LLC
Gross SF
2,472
Guarantor
Franchisee Guarantee
Rentable SF
2,472
Price/Gross SF
$686.08
Lease Type
Absolute Net
Rent Per Square Feet
$39.44

Investment Highlights

  • Franchisee Tenant is #1 in KFC US System for Operational Excellence past 3 years
  • 8% Rent Increases Every 5 Years - Management Free Investment
  • NEW 15 Year Absolute NNN Lease - Commenced Feb 2020
  • 2019 Exterior & Interior Remodel to new KFC Design
  • 80+ Store Franchisee Lease Guarantee - KFC Approved Growth Partner
  • 7.50% Rent vs. Sales Ratio - Above KFC AUV

Investment Overview

The subject property is located at 516 East Cedar Street in Deming NM. 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 for 2017, 2018 & 2019. The Subject Property Lease is guaranteed by 80+ 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

  • Aaron J. Hines

    First Vice President Investments

    Email Aaron

    License(s): WA: 85665

    Seattle

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