KFC

Located at a signalized intersection near Highway 412 in Sand Springs, just six miles west of downtown Tulsa within the Tulsa MSA, surrounded by national tenants such as Taco Bell, Church’s Chicken, and Walmart Supercenter.ParaSell Inc. and ALIVE Commercial Real Estate are pleased to offer this Absolute NNN KFC with drive-thru located in Sand Springs, OK. The property is being offered at a list price of $950,000 which is reflective of a 6.0% Cap Rate. Current ownership purchased the property as a 15 year sale leaseback in 2018 and there are just over 7 years of primary term remaining on the lease with 2, 5 year options to follow. There is a scheduled 7.5% rental increase which will take place in July 2028 as well as in each of the options periods should the tenant elect to extend the lease. In 2021 the lease was assigned to Silver Chicken Food Group which is a franchisee owned by MBN Brands. The KFC is located at a signalized intersection with exposure to 14K plus vehicles per day (per CoStar). Public records indicate the building is comprised of 3,498 SF situated on a 0.43 acre parcel. KFC is situated just north of the Sand Springs Expressway in an area with a substantial amount of retail tenants, including: Walmart, CVS, O'Reilly Auto Parts, Advance Auto Parts, ALDI, Planet Fitness as well as many others. Please contact Patrick Follett directly at 916.871.2269 to discuss further details of this low price point Absolute NNN KFC with a proven track record.