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KFC

$ 818,182
Haltom City, Texas
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Address: 4540 Western Center Boulevard , Haltom City, Texas, United States 76137

Type: Restaurant

Cap Rate: 5.50%

Lease Type: Triple Net (NNN)

Annual Rent: $45,000

Net Operating Income: $45,000

Lease Term Remaining: 20 Years

Rental Increases: 1.25% Starting in Year 6

Options: Four (4), Five (5)-Year Options

Year Built: 1998

Rentable Sq/Ft: 3,514 SF

Rent Sq/Ft: $12.81

Price Sq/Ft: $233

Lot Size: +/-0.73 Acres

Marcus & Millichap is pleased to exclusively market for sale the subject single-tenant net-leased KFC Sale-Leaseback located at 4540 Western Center Boulevard in Haltom City, Texas. The property made up of a 3,514 square feet building and is situated on approximately 0.73 acres of land. This investment opportunity is subject to an absolute triple-net (NNN) lease which will commence upon the close of escrow. Ampex Brands operates this KFC location, as well as over 500 other restaurant units. The lease is guaranteed by Ampex Brands LLC, which is comprised of 45 units. The current rent is $45,000 and is subject to 1.25% annual rental increases starting in year six. Additionally, there are four, five-year tenant renewal options.

KFC operates more than 17,000 restaurants in the Unites States and internationally. KFC’s parent company is Yum! Brands, Inc., the world’s largest restaurant company in terms of system restaurants, with more than 40,000 locations in more than 130 countries and territories and employing more than one million associates

This KFC property is located at 4540 Western Center Boulevard in Haltom City, Texas. Haltom City is a city that is part of the Dallas-Fort Worth region inside Tarrant County, Texas. It is an inner suburb of Fort Worth, located six miles from downtown. Haltom City is surrounded almost entirely by Fort Worth, North Richland Hills, Watauga, and Richland Hills.

The subject property is well-positioned in in an active retail corridor, surrounded by multiple national tenants and numerous housing communities. Major national retailers in the immediate area include: Albertsons, Kroger, CVS Pharmacy, Family Dollar, Discount Tire, Pinnacle Bank, Kwik Kar, McDonald’s, Pizza Hut, Starbucks, Taco Cabana, Sonic, Taco Bell, Walgreens, Long John Silver’s, A&W, Chase Bank, BurgerFi, Comerica Bank, SpeeDee Oil Change, Texas Health Emergency Room, as well as various others. Various apartment communities in the surrounding area include: The Laurel, Park Creek Apartments, Garden Gate Apartments, Retreat at Fossil Creek Apartments, Lake Pointe, The Village at Silver Sage, as well as many others. Parkview Elementary School, a K-4 public school, is located in the immediate area and has over 630 students.

There are approximately 119,970 people within a three-mile radius of this property and 285,550 within a five-mile radius. The property is situated on Western Center Boulevard, which has an average daily traffic count of 26,600 vehicles. The subject property also benefits from its close proximity to North Beach Street, which has an average daily traffic count of 35,000 vehicles. The average household income exceeds $86,385 within a five-mile radius.

Dallas is the ninth largest city in the US and the third largest in Texas. Dallas and nearby Fort Worth were developed due to the construction of major railroad lines through the area allowing access to cotton, cattle, and later oil in North and East Texas. The construction of the Interstate Highway System reinforced Dallas’s prominence as a transportation hub, with four major interstate highways converging in the city and a fifth interstate loop around it. Dallas developed as a strong industrial and financial center, and a major inland port, due to the convergence of major railroad lines, interstate highways, and the construction of Dallas/Fort Worth International Airport, one of the largest and busiest airports in the world.  The economy of Dallas is considered diverse, with dominant sectors including defense, financial services, information technology, telecommunications, and transportation. It serves as the headquarters for nine Fortune 500 companies within the city limits. The Dallas–Fort Worth metroplex hosts additional Fortune 500 companies, including American Airlines, ExxonMobil, and AT&T.

 

 

Broker of Record: Timothy Speck – License # 432723

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Glen Kunofsky

President, Founder
(212) 430-5115

Russell Wachtler

Senior Managing Director, Investments
(212) 430-5132

Mark Epchteine

Associate
(212) 430-5223