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3612 Lakeview Pky
Rowlett, TX 75088
KFC: Brand New 20 Year Absolute NNN Lse · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Drive Thru
- Air Conditioning
ABOUT 3612 LAKEVIEW PKY , ROWLETT, TX 75088
KFC has a brand new 20 years Absolute NNN lease with 7% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods is the largest KFC franchisee in the US, operating 645 locations in 23 states and will generate sales in excess of $725 million in 2018. The subject location is positioned in a dominant retail corridor and has been successfully open and operating for decades with an 8.0% rent to sales ratio. KFC was recently remodeled to the “American Showman” prototype in May 2017. KFC is located in Rowlett, Texas just off a hard corner on Highway 66 on the main east/west thoroughfare with excellent driveby visibility. Nearby retailers include: Target, Walmart Supercenter, The Home Depot, Sprouts Farmers Market, PetSmart, Dollar Tree, Dollar General, Ross Dress for Less, Big Lots, Harbor Freight Tools, Advance Auto Parts, AutoZone, O’Reilly Auto Parts, Walgreens, etc. This asset is just 4 miles from Baylor Scott & White Medical Center – Lake Pointe (112 beds). In Association with Texas Local Broker: Paul Blackburn, Blackburn Properties #376821
PROPERTY TAXES
| Parcel Number | 441004000A0010000 | Improvements Assessment | $814,710 |
| Land Assessment | $479,520 | Total Assessment | $1,294,230 |
PROPERTY TAXES
