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211 W California Avenue - KFC, Ruston, LA

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211 W California Avenue - KFC

Ruston, LA 71270-5015

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:-
Building Size:3,008 SF Land Area:-
For Sale Price:$1,385,000 Price/SF:$460.44
Cap Rate:6.25 %
Features:Drive Thru

Sale Notes:
The subject property is a single-tenant, absolute NNN leased KFC restaurant offered at an 5.70 % CAP. It comes with a 20-year lease. The KFC property was remodeled in late 2010. There are attractive 1.75% annual rent increases in both the initial term and in each of the four, five-year option periods. There are no landlord maintenance responsibilities under the terms of the absolute net lease. Treadwell Enterprises, Inc. is headquartered in Springfield, Missouri and has been in business for 25 years. The company currently operates 88 KFCs, 13 KFC/Taco Bells, two KFC/Long John Silver' s, two Taco Bells across ten states. It is comprised of eight wholly owned subsidiaries. The franchisee guarantee will consist of three of those subsidiaries: Southeast Restaurants, Inc. (15 locations), Treadwell Restaurants of the North East, Inc. (six locations), and Treadwell Restaurants of Louisiana, Inc. (six locations). Together these three subsidiaries operate 27 KFC locations. The lease also comes with a personal guarantee from its President, Mr. James M. Treadwell. This personal guarantee is for the first ten years of the lease only.

ACRE Investment Real Estate
Chase Sandrik
(760) 978-6551

Craig Stewart
(760) 944-9110 x1

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