44 E White Mountain Blvd
Lakeside, AZ 85929
KFC with Drive Thru · Retail Property For Sale

Lee & Associates is pleased to exclusively offer for sale to qualified investors the opportunity to purchase a 100% fee-simple interest in a Kentucky Fried Chicken (“KFC”) property located at 44 E. White Mountain Blvd in Pinetop-Lakeside, Arizona. There are 10 years remaining on the on KFC's 20-year triple-net (NNN) lease with (4) five-year renewal options. The lease features 8% rent increases every five years throughout the Primary term and the Option Periods. Built in 1983, the Property consists of a 2,528 square foot retail building that sits on an approximately 11,761 square foot parcel. The subject property is located along White Mountain Blvd/SR 260, which is the main corridor carrying travelers/commuters through Pinetop-Lakeside and through the White Mountains. The site offers excellent visibility to 12,000 cars per day and is located on an outparcel to a Safeway-anchored shopping center with co-tenants including McDonald’s, Subway, Family Dollar, and Chase Bank. This center, combined with other nearby retailers such as Taco Bell, Ace Hardware and Pinetop Brewing Company make up the central services hub that serves this community, making it an ideal location for this KFC. This store is operated by an experienced 86-unit YUM! Brands franchisee (operated under multiple store entities) with locations in AZ, OR, CA, MT, NM, MN, SD, ID, WY, ND, CO and WA. The subject property is leased to Stewart Bros. Properties, LLC, dba Kentucky Fried Chicken on a long-term absolute triple-net (NNN) lease. Stewart Bros. Properties, LLC consists of 9 stores located in AZ, NM and OR. The lease is personally guaranteed by Todd Stewart. (See Tenant Profile pg 16)