3283 Northcrest Rd
Atlanta, GA 30340
KFC & Taco Bell: Doraville, GA · Retail Property For Sale

TOP FRANCHISEE: The tenant under the lease is FQSR, LLC (dba KBP Foods). KBP Foods is the largest KFC franchisee and 7th largest multi-unit franchisee of any concept in the United States. The company operates nearly 800 KFC and Yum! Brand restaurants across 25 states and is projected to have $900M of 2019 revenue. TENANT: Yum! Brands, Inc. (NYSE: YUM) is one of the world’s largest restaurant companies that owns KFC, 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. 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 22,621 restaurants in over 130 countries. KFC reported TTM total revenues of $2.5 billion, accounting for nearly half of YUM! Brands total revenue. Taco Bell was founded in 1962 by Glen Bell in Downey, California and has grown to become the global leader of the Mexican-style food category, serving more than 2 billion customers annually across its 7,136 restaurants. As of June 30, 2019, Taco Bell reported TTM total revenues of $2.0 billion. SEASONED KFC & TACO BELL LOCATION: This location has been operating since 1985 which evidences its long term profitability. As a dual-branded restaurant, the property caters to a widened customer base and benefits from its expanded product mix compared to single-branded restaurants. RECENT INTERIOR & EXTERIOR MODEL: This site underwent an interior and exterior remodel in 2015, demonstrating the company’s long-term commitment to the site. LONG-TERM ABSOLUTE NNN LEASE: KFC and Taco Bell’s 15-year absolute NNN lease will commence in September 2019 and will feature 7.50% rent increases throughout the initial term and in each of its two 5-year renewal options. This is not a sale-leaseback.