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- LoopNet Team
1615 SW Emigrant Ave
Pendleton, OR 97801
KFC · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 15 Year Absolute NNN Lease
- NEW Interior/Exterior Remodel within 18 months of Close of Escrow
- #1 Operational Franchisee in US KFC System for past 3 years
- 5.70% RENT vs. SALES RATIO
- Preferred Growth Partner KFC Franchisee - 70+ Store Lease Guarantee
- Directly off Interstate 84
PROPERTY FACTS
AMENITIES
- Drive Thru
ABOUT 1615 SW EMIGRANT AVE , PENDLETON, OR 97801
The subject property is located at 1615 SW Emigrant Avenue in Pendleton OR. 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. The Subject Property Lease is guaranteed by 70+ Stores. The Lease provides for long term stability with 5% increases every 5 years and there are (4) 5 Year Renewal Options after the primary 15-year lease term.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $364,680 | |
| Land Assessment | $187,530 | Total Assessment | $552,210 |
PROPERTY TAXES
