kfc restaurant - loopnet · kfc –chickasha, ok market overview chickasha, oklahoma is located...

KFC Restaurant1228 South 4th Street, Chickasha, OK 73018

OFFERING MEMORANDUM*Actual Photo

TABLE OF CONTENTS

INVESTMENT OVERVIEW 01Property Overview

Regional Map

Local Map

Aerial Photo

FINANCIAL ANALYSIS 02Offering Summary

MARKET OVERVIEW 03Market Overview

SECTION

KFC – Chickasha, OK

In Association with Bang Realty-Oklahoma Inc., a Licensed Oklahoma Real Estate Broker, OK License # 177814

Michael MatusikVice PresidentDirect | 714.874.4004Fax | 717.797.0004mmatusik@primenetlease.comLicense: CA 01888322www.primenetlease.com

Paul R MatusikPresidentDirect | 714.875.2400Fax | 717.797.0004pmatusik@primenetlease.comLicense: CA 01351021www.primenetlease.com

P R E S E N T E D B Y

Kum & Go – Grinnell, IA

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INVESTMENT

OVERVIEW

KFC – Chickasha, OK

Kum & Go – Grinnell, IA

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KFC – Chickasha, OK

PROPERTY OVERVIEW

PROPERTY OVERVIEW

PRICE: $1,681,359 CAP RATE: 5.70%

About The Investment

Prime Net Lease is pleased to exclusively offer this NNN leased KFC Restaurant located at 1228 4th Street, Chickasha, OK. The current lease has 8.2 years remaining, with four 5-year options to renew. The lease is guaranteed by KBP Foods, Inc. which currently operates 687 locations and is the larges KFC franchise in the world. KFC is situated along 4th Street three blocks away from a Walmart Supercenter. The parcel size is 0.68 acres. The subject property is located within the main retail corridor of Chickasha, drawing many residents to the area. Surrounding tenants include Walmart Supercenter, Dollar Tree, AT&T Store, Arby’s, Burger King, Pizza Hut, Taco Bell and many others.

Chickasha, is located approximately 30 minutes south of the Oklahoma City metro area. Easily accessible by travel on U.S. Highways 81 and 62 or on four-lane Interstate 44, we are the gateway to Southwest Oklahoma. The population was 16,334 at the 2014 census. It is the county seat of Grady County. Chickasha is home to University of Science and Arts of Oklahoma.

LEASE ABSTRACT

Tenant: KBP, Foods, Inc.

Lease Commencement: July 2012

Lease Expiration: July 2027

Rent Increases: 10% Every 5 years

Type of Ownership: Fee Simple

No. of Tenant Locations: 687

PROPERTY INFORMATION

Address1228 South 4th St,

Chickasha, OK 73018

Offering Price $1,681,359

Price / SF $456.77

Cap Rate 5.70%

Net Operating Income $95,837.50

Year Built /Remodeled 2008/2016

Rentable Square Feet 3,681

Land Area 0.68 Acres

PROPERTY HIGHLIGHTS

8.2 years remaining on a NNN Lease!

30 Miles outside of Oklahoma City!

3 Blocks away Walmart Supercenter!

Excellent Location!

Recent Remodel!

Absolute NNN lease!

1.5 Miles away from Grady Memorial Hospital!

ANNUALIZED OPERATING DATA

Annual Rent $95,837.50

Total Rent: $95,837.50

Kum & Go – Grinnell, IA

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KFC – Chickasha, OK

PROPERTY PHOTOSPROPERTY PHOTOS

Kum & Go – Grinnell, IA

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KFC – Chickasha, OK

MAP

Kum & Go – Grinnell, IA

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KFC – Chickasha, OK

LOCAL ARIAL MAP

Kum & Go – Grinnell, IA

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KFC – Chickasha, OK

FINANCIAL

ANALYSIS

THE OFFERING ANNUALIZED OPERATING INFORMATION

Property KFC INCOME

Property Address 1228 S. 4th StreetChickasha, OK 73018

Net Operating Income $95,837.00

Price $1,681,359 RENT SCHEDULE

Capitalization Rate 5.70% YEAR MONTHLY RENTANNUAL

RENT

Price/SF $456.77 Current $7,986.42 $95,837.00

07/2022– 07/2027 $8,785.00 $105,420.00

PROPERTY DESCRIPTION 07/2027 – 07/2032 $9,663.50* $115,962.00

Year Built / Renovated 2008 07/2032 – 07/2037 $10,629.83* $127,558.20

Gross Leasable Area 3,681

Zoning Retail

Type of Ownership Fee Simple

LEASE SUMMARY

Property Subtype Retail

Tenant KBP Foods, Inc. * Denotes Option Period

Rent Increases 10% Every 5 years

Guarantor Franchise Guarantee

Lease Type NNN

Lease Commencement July 2012

Lease Expiration July 2027

Lease Term 15

Term Remaining on Lease (Years)

8.1

Renewal Options Three 5-Year Options

Landlord Responsibility None

Tenant Responsibility NNN

Right of First Refusal Yes

Kum & Go – Grinnell, IA

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KFC – Chickasha, OK

FINANCIAL ANALYSIS

OFFERING SUMMARY

MARKET

OVERVIEW

Kum & Go – Grinnell, IA

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KFC – Chickasha, OK

Kum & Go – Grinnell, IA

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KFC – Chickasha, OK

MARKET OVERVIEW

▪ Chickasha, Oklahoma is located approximately 30 minutes south of the Oklahoma City metro

area. Easily accessible by travel on U.S. Highways 81 and 62 or on four-lane Interstate 44, we

are the gateway to Southwest Oklahoma.

▪ While Chickasha is a small community, with approximately 15,000 people living in the city limits,

most of your needs can be met without leaving town. Chickasha is home to healthcare

providers, pharmacies, groceries, furniture, hardware, appliances, electronics, jewelry, clothing,

sporting goods, computer repair sand supply, lumber and building supplies, gifts and home

accessories, automobile sales and repair, and much more. We are also the home of the

University of Science and Arts of Oklahoma.

▪ You can not only live in Chickasha, you can work here as well. Chickasha is home to many

industries, employing hundreds of residents and non-residents. Our local industries are served

by and take advantage of the Chickasha Municipal Airport. At the airport you will find airplane

maintenance, sales and flight training, in addition to the sale of gasoline and jet fuel. Our

runways are in great shape, with the primary runway measuring 5,100' long.

▪ In the last 10 years, Chickasha has seen the construction or reconstruction of many major

improvements, including the sports complex, bridges, streets, playgrounds and city facilities.

Chickasha has been and will continue to be progressive-minded while keeping the tax rate in

check.

▪ Each year, visitors are drawn to Chickasha, thanks to the Festival of Light, Arts Festival,

sporting events and other entertainment opportunities.

▪ The University of Science and Arts of Oklahoma is a public, 4-year institution established in the

city of Chickasha, and is the only public college in the state to maintain a focus on the liberal

arts. USAO’s academic programs feature a unique core curriculum, which is taught by the

Division of Interdisciplinary Studies and includes a course selection designed to promote the

combination of different fields of knowledge for deeper understanding throughout each students’

college careers. Many of the courses at USAO are taught by a team of two or more faculty

members, allowing students the perspective of multiple professionals instead of one.

In Association with Bang Realty-Oklahoma Inc., a Licensed Oklahoma Real Estate Broker, OK License # 177814

Michael MatusikVice PresidentDirect | 714.874.4004Fax | 717.797.0004mmatusik@primenetlease.comLicense: CA 01888322www.primenetlease.com

Paul R MatusikPresidentDirect | 714.875.2400Fax | 717.797.0004pmatusik@primenetlease.comLicense: CA 01351021www.primenetlease.com

P R E S E N T E D B Y