23 Joseph E Lowery Blvd SW
Atlanta, GA 30314
KFC: Atlanta, GA | Absolute NNN Lease · Retail Property For Sale

TOP FRANCHISEE: The Tenant under the lease is FQSR, LLC (d/b/a KBP Foods). KBP Foods is the largest KFC Franchisee and the 7th largest multi-unit franchisee of any concept in the United States. The company operates nearly 800 KFC and Yum! Brands restaurants across 25 states and is projected to have $900M in 2019 revenue. PREMIER QSR BRAND: KFC—also known as Kentucky Fried Chicken—is headquartered in Louisville, Kentucky and has grown to become the world’s most popular chicken restaurant chain with 23,118 restaurants in over 130 countries. The KFC brand is owned by Yum! Brands, Inc. (NYSE: YUM), which is one of the world’s largest restaurant companies that also owns Pizza Hut and Taco Bell. As of June 30, 2019, YUM reported TTM total revenues of $5.5 billion, TTM net income of $1.3 billion, and total assets of $4.6 billion. Additionally, KFC reported TTM total revenues of $2.5 billion, accounting for nearly half of YUM! Brands total revenue. LONG-TERM ABSOLUTE NNN LEASE: KFC’s 15-year absolute NNN lease will commence in September 2019 and will feature 7.50% rent increases every 5 years in the initial term and in each of the two 5-year option periods. This is not a sale-leaseback. SEASONED KFC LOCATION: This location has been operating since 2002 which evidences its long term profitability. RECENT INTERIOR & EXTERIOR MODEL: This site recently underwent an interior and exterior remodel which features KFC’s new “American Showman” prototype, demonstrating the company’s long-term commitment to the site. EXCELLENT ACCESS & VISIBILITY: Ideally positioned in Atlanta’s Ashview Heights neighborhood, just 1.5 miles west of Atlanta’s CBD, KFC has excellent frontage and visibility on the hard corner of Washington Place and Joseph E Lowery Boulevard SW (20,000 VPD). Interstate 20 (181,000 VPD) is also just 0.8 miles south of the site and serves as Atlanta’s primary east-west highway. STRATEGIC LOCATION: KFC is strategically located across from McDonald’s, J.R. Crickets and Johnny M’s Pizza Bistro and just 0.2 miles east of Walmart Supercenter and Chick-fil-A, both major traffic drivers in the immediate area. The site also benefits from its proximity to the Ashby Marta Station, which is part of Atlanta’s network of bus routes and rapid transit system that serves over 500,000 daily passengers. In addition, the new $1.6B Mercedes-Benz Stadium, home to the Atlanta Falcons NFL team and the Atlanta United MLS team, is located 1 mile east of the site and welcomes 55 million visitors annually. The Georgia World Congress Center (third largest U.S. Convention Center), College Football Hall of Fame, State Farm Arena (home to the Atlanta Hawks NBA team), Georgia Aquarium, World of Coca-Cola and Centennial Olympic Park are additional key points of interest in the immediate area and major traffic drivers to surrounding neighborhoods.