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The Subject property is an absolute NNN KFC/A&W located in Upper Marlboro MD. The lease has just under 18 years remaining and is leased to KBP Foods, the largest KFC operator in the country (360 units).
- High Sales Volume Location
- Traffic Count of 32,000 cars/day
- Upper Marlboro is approx. 20 miles from Washington DC
- Price: $2,504,000
- Cap rate: 5.75%
- Net Operating Income: 144000
- Lease Term: 20 years
- Lease Type: Absolute NNN
- Lease Commenced: June 2014
- Increases: 8% every 5 years
- Landlord Responsibilities: none
- Guarantor: Franchisee (360 units)
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