EXP DALLAS 214.522.7200 JOE CAPUTO [email protected]BOB MOORHEAD [email protected]property. Built in 1992, approximately 3,287 square foot building on approximately 0.88 acres. tenant. Lessee: Star Brands III, LLC dba KFC is an asset development firm that is focused primarily on the ownership and management of branded restaurants. The company currently owns 10 KFC restaurants located in the Southeastern United States. lease structure. Brand new, 15-year, absolute NNN lease with 1.5% annual rent increases during primary term and option periods. location. KFC is located along North Morrison Blvd (24,228 Cars / Day), east of Interstate 55 (34,015 Cars / Day), and north of Interstate 12 (49,979 Cars / Day. The subject property benefits from visibility and exposure in the dense retail shopping corridor. The immediate trade area includes Hammond Square Shopping Center (431,000 SF) with anchor tenants Sears, Dillard’s, JC Penney, Best Buy, Target, AMC Theater Multiplex. Located near KFC are a Walmart Supercenter, Southeastern University (15,000 Students), and North Oaks Hospital (500 Beds – 2,500 Employees). REP PHOTO EXCLUSIVE OFFERING | $808,500 - 7.25% CAP KFC 223 North Morrison Blvd., Hammond, LA Broker of Record: Beau J. Box | Beau Box Commercial Real Estate | 225-237-3343 | [email protected]| P O Box 66865, Baton Rouge LA 70896 USA Louisiana Real Estate License: 72498
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REP PHOTO EXCLUSIVE OFFERING | $808,500 - 7.25% CAP Package.pdfKFC: KFC (Kentucky Fried Chicken) headquartered in Louisville, Kentucky is a global chain of fried chicken fast food
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property. Built in 1992, approximately 3,287 square foot building on approximately 0.88 acres.
tenant. Lessee: Star Brands III, LLC dba KFC is an asset development firm that is focused primarily on the ownership and management of branded restaurants.
The company currently owns 10 KFC restaurants located in the Southeastern United States.
lease structure. Brand new, 15-year, absolute NNN lease with 1.5% annual rent increases during primary term and option periods.
location. KFC is located along North Morrison Blvd (24,228 Cars / Day), east of Interstate 55 (34,015 Cars / Day), and north of Interstate 12 (49,979 Cars / Day.
The subject property benefits from visibility and exposure in the dense retail shopping corridor. The immediate trade area includes Hammond Square Shopping
Center (431,000 SF) with anchor tenants Sears, Dillard’s, JC Penney, Best Buy, Target, AMC Theater Multiplex. Located near KFC are a Walmart Supercenter,
Southeastern University (15,000 Students), and North Oaks Hospital (500 Beds – 2,500 Employees).
REP PHOTO
EXCLUSIVE OFFERING | $808,500 - 7.25% CAP
KFC
223 North Morrison Blvd., Hammond, LA
Broker of Record: Beau J. Box | Beau Box Commercial Real Estate | 225-237-3343 | [email protected] | P O Box 66865, Baton Rouge LA 70896 USA
Franchisee: Star Brands III, LLC is an asset development firm that is focused primarily on the ownership and management of branded restaurants. It
concentrates its restaurant activities on opening, managing, and enhancing branded restaurants for the purpose of maximizing shareholder value. The company
currently owns 10 KFC restaurants located in the Southeastern United States.
KFC: KFC (Kentucky Fried Chicken) headquartered in Louisville, Kentucky is a global chain of fried chicken fast food restaurants. The first "Kentucky Fried
Chicken" franchise was opened in Utah in 1952. In 1986 PepsiCo acquired the brand for $850 million and spun off its restaurants division as Tricon Global
Restaurants in 1997, which subsequently changed its name to Yum! Brands in 2002. As a Yum! subsidiary, KFC is a core component of one of the largest
restaurant companies in the world.
As of 2011, there were over 17,000 KFC outlets in 105 countries and territories around the world, although almost half of the total are in the United States and
China.
PRICE: $808,500
CAP RATE: 7.25%
NET OPERATING INCOME: $58,610
BUILDING AREA: 3,287 + Square Feet
LAND AREA: 0.88 + Acres
YEAR BUILT: 1992
OWNERSHIP: Fee Simple Interest
OCCUPANCY: 100%
Tenant overview
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Investment overview KFC
223 North Morrison Blvd., Hammond, LA
Lease Expiration: July 2027
Rent Commencement: July 2012
Initial Lease Term: 15-Years, Plus 4, 5-Year Options to Renew
Star Brands III, LLC, a Louisiana limited liability company dba KFC
Rent Increases: 1.5% Annually During Primary Term & Options
Annual Rent (Current): $58,610
Lease Type: Absolute NNN | No Landlord Responsibility
Annual Rent Year 2: $59,489
Annual Rent Year 3: $60,381
Annual Rent Year 4: $61,287
Annual Rent Year 5: $62,206
Lease overview
Annual Rent Year 6: $63,139
Annual Rent Year 9: $66,023
Annual Rent Year 10: $67,014
Annual Rent Year 11: $68,019
Annual Rent Year 12: $69,039
Annual Rent Year 13: $70,075
Annual Rent Year 14: $71,126
Annual Rent Year 7: $64,086
Annual Rent Year 8: $65,048
Annual Rent Year 15: $72,193
Broker of Record: Beau J. Box | Beau Box Commercial Real Estate | 225-237-3343 | [email protected] | P O Box 66865, Baton Rouge LA 70896 USA