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201 S China Lake Blvd 1,640 SF Retail Building Ridgecrest, CA 93555 $2,954,700 CAD ($1,801.65 CAD/SF) 4.62% Cap Rate

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Executive Summary

Offered for sale is the opportunity to acquire triple net leases KFC in Kern County, California. The property consists of a 1,620 -square-foot, freestanding buildings that sit on 0.40 acres (17,424) of land. There are around 13 years remaining on the current lease term with 10% every 5 years rental increases, and four 5 years option to extend.

KFC Flyer_071624

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

1,640 SF

Building Class

Year Built

2022

Price

$2,954,700 CAD

Price Per SF

$1,801.65 CAD

Cap Rate

4.62%

NOI

$136,479 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

0.40 AC

Zoning

Parking

23 Spaces (14.02 Spaces per 1,000 SF Leased)

Frontage

88’ on South China Lake Boulevar

Drive Thru

Major Tenants

Accommodation and Food Services
1,640 SF
-
Triple Net
Dec 2037

KFC began in 1952 when Colonel Harland Sanders expanded a fried chicken recipe into the first Kentucky Fried Chicken franchise in Utah, building on earlier work in Kentucky. The company now operates as a global chicken restaurant brand and a subsidiary of Yum! Brands, with a menu centred on fried chicken, chicken sandwiches, tenders, bowls, sides and beverages. KFC's business spans restaurant operations, franchising, digital ordering and brand marketing across a wide international network. The company continues to focus on fried chicken as its core offer while adapting menus for local markets and supporting community programmes.