ACRE Investment Real Estate Services is honored to offer an exclusive listing for a KFC situated at 828 West 27th Street in Scottsbluff, Nebraska. This property encompasses an estimated .77-acre lot with approximately 3,850 square feet of rentable building space. The lease for this KFC is an absolute triple-net
(NNN) lease with a 20-year term, which began in March 2016, with 10 years remaining. The annual rent is currently set at $129,758 and is scheduled to increase by 1.75% every year throughout the base term and during each of the 4, 5-year renewal options.
The tenant, Harmans Management, is the first KFC franchisee and operates over 350 KFC restaurants in the Western United States. The franchisee has been successfully operating KFC restaurants for over 73 years.