Just Closed! KFC Drive Thru Restaurant in Berryville, Arkansas

Just Closed! KFC Drive Thru Restaurant in Berryville, Arkansas

Investment Overview:

Marcus & Millichap is pleased to present for sale this KFC
Fast Food Restaurant located in Berryville, Arkansas. At
closing, the tenant will sign a 15-Year Absolute NNN Lease
with 7.5 percent increases in rent every five years. This
property is located directly in front of a Dollar Tree and next
to a busy Walmart Supercenter and across the street from
Carroll Electric Cooperative Corporation’s, 38-Acre campus.
This property is also four minutes away from Tyson Foods’,
275,000 Square Foot Packing Plant. In 2017, Tyson built a
$136 million new plant next to the existing plant and produces
a variety of partially cooked chicken products for food retailers
and restaurants, and is the largest employer in the area with an
annual payroll of over $37 million. Retailers in the immediate
area include Verizon, Dollar Tree, Walmart, Murphy Gas and
numerous local and regional banks.
Berryville is the largest city located in Carroll County, Arkansas
with a population of 5,356. Busy Route 62 passes through
the center of the city and it is only 30 minutes from the city of
Harris and 46 minutes from the city of Rogers.
KFC, also known as Kentucky Fried Chicken, is an American
fast food restaurant chain headquartered in Louisville,
Kentucky, that specializes in fried chicken. It is the world’s
second-largest restaurant chain (as measured by sales) after
McDonald’s, with 22,621 locations globally in 136 countries as
of December 2019. The chain is a subsidiary of Yum! Brands,
a restaurant company that also owns the Pizza Hut, Taco Bell,
and WingStreet chains.

Investment Highlights:

■ KFC Absolute NNN 15-Year Lease with 7.5% Increases Every
5 Years in the Base Term and Options
■ Situated Directly in front of a Dollar Tree and next to a
Walmart Supercenter
■ Directly Across the Street from Carroll Electric Cooperative
Corporation’s 38-Acre Campus
■ Located Four Minutes Away From Tyson Food’s 275,000
Square Foot $136 Million Dollar Packing Plant
■ KFC is considered an Essential Tenant

 

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