The CBRE Net Lease Property Group is pleased to offer for sale the KFC ground lease situated on 1.56 acres in Buckeye, AZ—a western component of the Phoenix, AZ MSA (Population: 5.1M). The absolute NNN ground lease features ±2.2 years of primary term remaining with 10% rent increases in the four 5-year renewal options. KFC’s 3,305-square-foot building was constructed in 2007, and the site boasts a long-term operating history of 18 years.
The property is located on irreplaceable real estate within the ±600,000-square-foot Sundance Towne Center, which welcomed nearly 725,000 unique visitors across 7 million total visits during the last 12 months (Placer.ai). KFC is situated along South Watson Road (61,961 VPD), just feet from its intersection with West Sundance Avenue and a quarter mile south of Interstate 10 (88,764 VPD).