505 E Edinburg Ave
Elsa, TX 78543
KFC: Brand New 20 Year Absolute NNN Lease · Retail Property For Sale

KFC has a brand new 20-year Absolute NNN lease with attractive 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 739+ locations in 23 states and will generate sales in excess of $825 million in 2020. This asset has new high-quality build-to-suit construction of KFC’s newest “American Showman” prototype in 2019 and sales are currently tracking to hit an attractive 5.84% rent to sales ratio (if annualized). KFC is located in Elsa, Texas on Edinburg Avenue with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, H-E-B Grocery, Dollar General, Dollar Tree, True Value, AutoZone, O’Reilly Auto Parts, Advance Auto Parts, NAPA Auto Parts, CVS Pharmacy, T-Mobile, etc. The subject location is less than 12 miles from University of Texas Rio Grande Valley – Edinburg Campus (total enrollment of 29,113) and less than 15 miles from Edinburg Regional Medical Center (127 beds). *In Association with Texas Local Broker: Paul Blackburn, Blackburn Properties #376821