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KFC 2120 N Prince St

2,608 SF Retail Building Clovis, NM 88101 $1,833,000 ($703/SF) 6% Cap Rate

Restaurants New Mexico Clovis 2120 N Prince St, Clovis, NM 88101

Investment Highlights

  • New 15 Year Lease from the Close of Escrow
  • Strong Store Sales - 2020 Interior & Exterior Remodel
  • 125+ Store Franchisee Lease Guarantee - 2023 KFC Franchisee of the Year

Executive Summary

The subject property is located at 2120 North Prince Street in Clovis NM which is 100 miles from both Amarillo TX and Lubbock TX. This investment is a new Absolute NNN 15 Year Lease with one of the largest KFC Franchisees in the Nation which won 2023 Franchisee of the Year honors. The store sales are well above national KFC AUV. The Subject Property Lease is guaranteed by 125+ Stores. The Lease provides for long term stability with 8% increases every 5 years and there are (4) 5 Year Renewal Options after the primary 15-year lease term.

Attachments

KFC - Clovis NM - OML

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,608 SF
Building Class
C
Year Built/Renovated
1987/2020
Price
$1,833,000
Price Per SF
$703
Cap Rate
6%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
0.48 AC
Zoning
CG - Commercial General
Parking
10 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
151 FT on North Prince Street

Amenities

  • Restaurant
  • Drive Thru
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Walk Score ®
Very Walkable (72)
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Nearby Major Retailers

Starbucks
Albertsons Companies, Inc.
IHOP
Red Lobster
Cotton Patch Café
Rent-A-Center
Lowe's Supermarket
WaFd Bank
CrossFit
Buffalo Wild Wings

PROPERTY TAXES

Parcel Number 121101251603700 Improvements Assessment $78,993
Land Assessment $24,696 Total Assessment $103,689

PROPERTY TAXES

Parcel Number
121101251603700
Land Assessment
$24,696
Improvements Assessment
$78,993
Total Assessment
$103,689
(425) 829-9091

  • Listing ID: 31220958

  • Date on Market: 3/14/2024

  • Last Updated:

  • Address: 2120 N Prince St, Clovis, NM 88101

More public record information on 2120 N Prince St, Clovis, NM 88101

The Retail Property at 2120 N Prince St, Clovis, NM 88101 is currently available For Sale. Contact Marcus & Millichap for more information.

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KFC | 2120 N Prince St
(425) 829-9091 x

KFC | 2120 N Prince St

1/2

Aaron Hines

(425) 829-9091

(425) 829-9091

Ryan Sarbinoff

(602) 687-6700

(602) 687-6700

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