KFC 10-Year Absolute NNN Lease

2504 E Race Ave, Searcy, AR 72143, USA
$1,300,000

Description

Marcus & Millichap is pleased to present for sale this Kentucky Fried Chicken restaurant located at 2504 E. Race Avenue in Searcy, Arkansas. Searcy is the largest city and county seat of White County, Arkansas with a population over 23,767. It is the principal city of the Searcy AR Metropolitan Statistical Area. The city takes its name from Richard Searcy, a judge for the Superior Court of Arkansas. Searcy is a major college town and home to Harding University and ASU-Searcy. One of the state’s largest banks, First Security Bank, makes its home in downtown Searcy since 1932. Sam’s Club operates a major distribution center in Searcy. Latina Imports and Latina Nursery make their home in Searcy and are known as the largest female, Hispanic-owned company in Arkansas.
Located nearby this Kentucky Fried Chicken is Harding University with 49 buildings on 350 acres and over 6,100 enrolled students. Also nearby is Arkansas State University with 14,085 students. A few minutes away is White County Medical Center with 438 Beds and African Christian Hospitals.
Many apartment complexes surround this property including The Flats Apartments with 256 occupied units, Swiss Village Apartments with 60 occupied units, Country Meadows Apartments, Shannon Square Apartments, Ward Apartments and many, many more.
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.

  • KFC Absolute NNN 10-Year Lease with 7.5% Increases Every 5 Years in the Base Term and Options
  • Kentucky Fried Chicken Located in Searcy, Arkansas (Population 23,767) and Principal City of the Searcy, AR Metropolitan Statistical Area
  • Searcy is a Major College Town and Home to Harding University (6,100 Enrolled Students) and Arkansas State University (14,085 Enrolled Students)
  • Located Nearby White County Medical Center With 256 Beds and African Christian Hospital
  • Kentucky Fried Chicken Located Nearby Several Apartment Complexes Including The Flats Apartments with 256 Rented Units, Swiss Village With 60 Rented Units, Country Meadows Apartments, Shannon Square Apartments and Ward Apartments
  • Kentucky Fried Chicken is the World’s Second Largest Fast Food Chain After McDonald’s With 20,952 Locations Globally in 123 Countries and Territories
  • KFC is considered an Essential Tenant

Property Documents

  • City: Searcy
  • State/county: Arkansas
  • Zip/Postal Code: 72143
  • Country: United States

Detail

  • Price: $1,300,000
  • Year Built: 1975

Additional details

  • CAP RATE: 5.25%
  • NOI: $68,250

Features