1300 N University Ave
Lafayette, LA 70506

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 700+ 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 6.98% rent-to-sales ratio! KFC is located in Lafayette, Louisiana on North University Avenue with excellent drive-by visibility! Nearby retailers include: The Home Depot, Dollar General, Albertsons, Super 1 Foods, Shoppers Value Foods, Hibbett Sports, Sears Outlet, CitiTrends, Sally Beauty, Walmart, Target, Kohl’s, Costco, Sam’s Club, Lowe’s Home Improvement, Conn’s Home Plus, Best Buy, Academy Sports + Outdoors, Dick’s Sporting Goods, Michaels, Hobby Lobby, Bed Bath & Beyond, Tuesday Morning, Cost Plus World Market, Dillard’s, Macy’s, T.J. Maxx, Stein Mart, PetSmart, Party City, Barnes & Noble, Books-A-Million, etc. The subject location is 3 miles from University of Louisiana Lafayette (enrollment 19,387), 3 miles from South Louisiana Community College Lafayette (enrollment 2,519), and 3 miles from University Hospital & Clinics (116 beds) and 4 miles from Lafayette General Health Hospital (451 beds). In Association with Louisiana Local Broker: Brian Brockman, Bang Realty, Inc. #0995684990