Absolute Net Leased KFC-Taos, NM

Retail-Commercial for Sale
Catylist Listing ID: 30163788
Property Subtypes: Restaurant
Building Size (RSF): 2,584 SF
Gross Building Area: See Agent
Gross Land Area: 22,041 SF
Sale Price: $1,075,200
Unit Price: $416.10 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 4/15/2018

Overview / Comments

ABSOLUTE NNN Lease with 10+ years remaining
Rental Increases (7%) in Year 5 and at beginning of Option Period-Inflation Hedge
$67,200 Now, $71,904 Year 5 and $76,937 Beginning of Option Period
KFC is one of the world's best known brands - YUM Brands (NYSE: YUM)
KFC is ranked #2 of the top Global Franchises by Franchise Direct (2017)
Strong, Experienced Franchisee-Operates 34 stores

Attachments & Media

Additional Details

Nearest MSA: Taos
County: Taos
Retail Clientele: Tourist
Property Visibility: Excellent
Site Description: We are pleased to present an exclusive offering of this triple net leased asset with absolutely no Landlord responsibilities located in beautiful Taos, New Mexico. In addition to being a world renowned cultural center with world class skiing, Taos also serves a sizable trade area of resorts and small towns.
Area Description: Taos New Mexico is located two and a half hours north of Albuquerque International Airport. The store is conveniently located in a newer retail area on the south end of Taos, close to the high school and on the road to Angel Fire Resort.
Tenancy: Single Tenant
Number of Stories: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,361 7,365 14,269
Median Age: 41.95 44.36 43.01
Households: 1,943 3,477 6,450
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