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- LoopNet Team
1102 S 5th St
Leesville, LA 71446
KFC: Brand New 20 Year Absolute NNN Lse · Retail Property For Sale
PROPERTY FACTS
- Restaurant
- General Retail Bank
- General Retail Fast Food
- General Retail Freestanding
About 1102 S 5th St , Leesville, LA 71446
KFC has a brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US operating 720+ locations in 23 states and will generate sales in excess of $800 million in 2019. This asset has new high quality build-to-suit construction of KFC’s newest “American Showman” prototype in 2018. Sales at this location are currently tracking to hit an attractive 6.35% rent-to-sales ratio (if annualized). KFC is located in Leesville, Louisiana on the main north/south thoroughfare with excellent drive by visibility. Nearby retailers include: Walmart Supercenter, Lowe’s Home Improvement, Tractor Supply Co., Market Basket, Dollar Tree, Family Dollar, Dollar General, Stage, Hibbett Sports, Goodwill, Advance Auto Parts, AutoZone, O’Reilly Auto Parts, Walgreens, CVS Pharmacy, Metro by T-Mobile, AT&T, Sherwin Williams, Regal Theatres, etc. The subject location is just 4 miles from Northwestern State University – Leesville/Fort Polk Campus (enrollment of 248) and less than 1 mile from Byrd Regional Hospital (60 beds). *In Association with Louisiana Local Broker: Brian Brockman, Bang Realty, Inc. #BROK.0995684990-ASA
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PROPERTY TAXES
Parcel Number | 011-158-8640 | Improvements Assessment | $71,780 |
Land Assessment | $19,300 | Total Assessment | $91,080 |
PROPERTY TAXES
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Listing ID: 17349045
Date on Market: 10/2/2019
Last Updated:
Address: 1102 S 5th St, Leesville, LA 71446