Restaurant

KFC

1900 W 5th St, Plainview, TX 79072

Listing Price: $1,241,951

Cap Rate
5.85%
Tenant Name
Ampex Brands of Dallas
Gross SF
2,720
Guarantor
Franchisee Guarantee
Rentable SF
2,720
Price/Gross SF
$456.60
Lease Type
Absolute Net
Rent Per Square Feet
$26.71

Investment Overview

Marcus & Millichap is pleased to exclusively market for sale the subject single-tenant net-leased KFC Sale-Leaseback located at 1900 West 5th Street in Plainview, Texas. The property made up of a 2,720 square feet building and is situated on approximately 0.45 acres of land. This investment opportunity is subject to an absolute triple-net (NNN) lease which will commence upon the close of escrow. Ampex Brands operates this KFC location, as well as over 500 other restaurant units. The lease is guaranteed by Ampex Brands, LLC, which is comprised of 45 units. The current rent is $72,654 and is subject to 1.25 percent annual rental increases starting in year six. Additionally, there are four, five-year tenant renewal options.

Investment Highlights

  • Brand New 20-Year Triple-Net (NNN) Sale-Leaseback
  • Has 1.25 Percent Annual Rental Increases Starting in Year Six
  • Has Four, Five-Year Tenant Renewal Options
  • Has 45-Unit Franchisee Guarantee from Ampex Brands, LLC.

Exclusively Listed By

Listing Price: $1,241,951

Cap Rate
5.85%
Tenant Name
Ampex Brands of Dallas
Gross SF
2,720
Guarantor
Franchisee Guarantee
Rentable SF
2,720
Price/Gross SF
$456.60
Lease Type
Absolute Net
Rent Per Square Feet
$26.71

Investment Highlights

  • Brand New 20-Year Triple-Net (NNN) Sale-Leaseback
  • Has 1.25 Percent Annual Rental Increases Starting in Year Six
  • Has Four, Five-Year Tenant Renewal Options
  • Has 45-Unit Franchisee Guarantee from Ampex Brands, LLC.

Investment Overview

Marcus & Millichap is pleased to exclusively market for sale the subject single-tenant net-leased KFC Sale-Leaseback located at 1900 West 5th Street in Plainview, Texas. The property made up of a 2,720 square feet building and is situated on approximately 0.45 acres of land. This investment opportunity is subject to an absolute triple-net (NNN) lease which will commence upon the close of escrow. Ampex Brands operates this KFC location, as well as over 500 other restaurant units. The lease is guaranteed by Ampex Brands, LLC, which is comprised of 45 units. The current rent is $72,654 and is subject to 1.25 percent annual rental increases starting in year six. Additionally, there are four, five-year tenant renewal options.

Exclusively Listed By

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