kfc restaurant - loopnet · kfc –chickasha, ok market overview chickasha, oklahoma is located...
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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 | [email protected]: CA 01888322www.primenetlease.com
Paul R MatusikPresidentDirect | 714.875.2400Fax | [email protected]: 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 | [email protected]: CA 01888322www.primenetlease.com
Paul R MatusikPresidentDirect | 714.875.2400Fax | [email protected]: CA 01351021www.primenetlease.com
P R E S E N T E D B Y