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211 W California Ave
Ruston, LA 71270
KFC · Retail Property For Sale
Executive Summary
The subject property is a single-tenant, absolute NNN leased KFC restaurant offered at an 7% CAP. There are 10
years remaining on the original 20-year lease. The KFC property was remodeled in late 2010. There are attractive
10% rent increases every 5 years and in each of the four, five-year option
periods. There are no landlord maintenance responsibilities under the terms of the absolute net lease.
KBP Foods is headquartered in Overland Park, Kansas. The company currently operates over 1,100 restaurants
across the United States.
KBP Foods has closed this location, and they continue to pay the rent as they try to source a new tenant.
years remaining on the original 20-year lease. The KFC property was remodeled in late 2010. There are attractive
10% rent increases every 5 years and in each of the four, five-year option
periods. There are no landlord maintenance responsibilities under the terms of the absolute net lease.
KBP Foods is headquartered in Overland Park, Kansas. The company currently operates over 1,100 restaurants
across the United States.
KBP Foods has closed this location, and they continue to pay the rent as they try to source a new tenant.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,500 SF
Building Class
B
Year Built/Renovated
1981/2011
Price
$1,497,624
Price Per SF
$599.05
Cap Rate
7%
NOI
$104,834
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.40 AC
Opportunity Zone
Yes
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 1956 | Improvements Assessment | $65,360 |
| Land Assessment | $20,036 | Total Assessment | $85,396 |
Property Taxes
Parcel Number
1956
Land Assessment
$20,036
Improvements Assessment
$65,360
Total Assessment
$85,396
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