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3428 Airport Way - Whole Earth Plaza - KFC | Abs NNN 20-Yr Sale Leaseback, Fairbanks, AK

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3428 Airport Way - Whole Earth Plaza - KFC | Abs NNN 20-Yr Sale Leaseback

Fairbanks, AK 99709-4730

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:-
Building Size:3,582 SF Land Area:.84 AC (36,590 SF)
For Sale Price:$1,779,000 Price/SF:$496.65
Cap Rate:6.75 %

Sale Notes:
SRS National Net Lease Group is pleased to present the rare opportunity to acquire a
freestanding, absolute NNN leased, single tenant KFC with drive-thru, investment property
located in Fairbanks, Alaska. The tenant, will execute a new 20 year sale leaseback at
the close of escrow with 8% rental increases every 5 years in the initial term and at the
beginning of each 2 (5-year) option period. The lease will be franchisee guaranteed and
absolute NNN with zero landlord responsibilities.
The subject site is located at the signalized, hard corner intersection of Airport Way and
Strand Avenue with over 15,300 vehicles passing by each day. The asset is well located
along Airport Way which travels directly from the Fairbanks International Airport and into
the heart of the city. In addition, the subject property is near national/credit tenants that
include Fred Meyer, Safeway, Walgreens, Sears and more. The dense retail corridor is
ideal for KFC which benefits from the increased consumer traffic and crossover shopping.
The 5-mile trade area is supported by a dense population of approximately 48,000 with
an affluent average household income of $82,000.

SRS National Net Lease Group
Patrick R Luther
(949) 698-1115

Matthew Mousavi
(949) 698-1116

Dale Robbins
(949) 698-1100

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