2120 N Prince St - Restaurant FOR SALE


Clovis, NM 88101
$1,833,000 USD
425-829-9091
2120 N Prince St, Clovis, NM for Sale
$1,833,000 USD
Restaurant - FOR SALE
1/1
null | 6% Cap Rate

2120 N Prince St
Clovis, NM 88101


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,833,000 USD

PRICE/SF

$703 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

CG

APN/PARCEL ID

121101251603700

ASK ABOUT THIS PROPERTY

Aaron HinesMarcus & MillichapMore Info
425-829-9091

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Aaron HinesMarcus & MillichapMore Info
425-829-9091

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.