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- LoopNet Team
413 S Highway 78
Wylie, TX 75098
KFC: Brand New 20 Year Absolute NNN Lease · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Drive Thru
ABOUT 413 S HIGHWAY 78 , WYLIE, TX 75098
KFC has a brand new 20-year 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. This asset has been successfully open and operating for decades with an 8.0% rent to sales ratio and has recently been remodeled to the “American Showman” prototype in 2017 – showing tenant’s commitment to site! KFC is located in Wylie, Texas just off a hard corner with excellent drive-by visibility on TX-78. Nearby retailers include: The Home Depot, Walmart Supercenter, Target, Kohl’s, TJ Maxx, HomeGoods, Five Below, PetSmart, Tractor Supply Co., Kroger Marketplace, ALDI, Dollar Tree, AutoZone, CVS Pharmacy, Walgreens, B&B Theaters. Wylie is one of the fastest-growing cities in Texas as it is just 35 minutes outside of Dallas. *In Association with Texas Designated Broker: Paul Blackburn, Blackburn Properties #376821
PROPERTY TAXES
| Parcel Number | R-2384-000-003R-1 | Improvements Assessment | $1,027,242 |
| Land Assessment | $773,760 | Total Assessment | $1,801,002 |
PROPERTY TAXES
