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801 E Tyler St
Athens, TX 75751
KFC: Brand New 20 Year Absolute NNN Lease · Retail Property For Sale
PROPERTY FACTS
ABOUT 801 E TYLER ST , ATHENS, TX 75751
KFC has a brand new 200-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 5.80% rent-to-sales ratio (if annualized). KFC is located in Athens, Texas next to Brookshires and Office Depot with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, Tractor Supply Co., Brookshire’s Food & Pharmacy, Save A Lot, Dollar Tree, Dollar General, Family Dollar, Office Depot, Bealls, Cato Fashions, Hibbett Sports, Factory Connection, Boot Barn, Ivan Smith Furniture, Goodwill, Ace Hardware, Sherwin Williams, Walgreens, CVS, Verizon, AT&T Store, Boost Mobile, AutoZone, O’Reilly Auto Parts, Anytime Fitness, Cinemark, America’s Best Value Inn & Suites, Holiday Inn Express, Best Western Plus, Super 8, etc. The subject location is just 3 miles from UT Health Athens (127 beds) and less than 2 miles from Trinity Valley Community College Athens (enrollment of 3,252). *In Association with Texas Local Broker: Paul Blackburn, Blackburn Properties #376821
PROPERTY TAXES
| Parcel Number | 2050-0051-0010-01 | Improvements Assessment | $895,661 |
| Land Assessment | $241,144 | Total Assessment | $1,136,805 |
PROPERTY TAXES
