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KFC 682 S Watson Rd 3,305 SF Retail Building Buckeye, AZ 85326 $3,185,490 CAD ($963.84 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- Prime Interstate Location | Interstate 10 (88,764 VPD)
- Buckeye, AZ | One of the Fastest-Growing Cities in the Country
- Long Operating History of 18 Years
- Outpad to Sundance Towne Center | 600,000 SF | Walmart Supercenter, Lowe's Home Improvement, PetSmart, Beall's Outlet, Dollar Tree, Boot Barn, etc.
- Phoenix-Mesa-Chandler, AZ MSA Advantage
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the KFC ground lease situated on 1.56 acres in Buckeye, AZ—a western component of the Phoenix, AZ MSA (Population: 5.1M). The absolute NNN ground lease features ±2.2 years of primary term remaining with 10% rent increases in the four 5-year renewal options. KFC’s 3,305-square-foot building was constructed in 2007, and the site boasts a long-term operating history of 18 years.
The property is located on irreplaceable real estate within the ±600,000-square-foot Sundance Towne Center, which welcomed nearly 725,000 unique visitors across 7 million total visits during the last 12 months (Placer.ai). KFC is situated along South Watson Road (61,961 VPD), just feet from its intersection with West Sundance Avenue and a quarter mile south of Interstate 10 (88,764 VPD).
The property is located on irreplaceable real estate within the ±600,000-square-foot Sundance Towne Center, which welcomed nearly 725,000 unique visitors across 7 million total visits during the last 12 months (Placer.ai). KFC is situated along South Watson Road (61,961 VPD), just feet from its intersection with West Sundance Avenue and a quarter mile south of Interstate 10 (88,764 VPD).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,305 SF
Building Class
B
Year Built
2007
Price
$3,185,490 CAD
Price Per SF
$963.84 CAD
Cap Rate
5.25%
NOI
$167,217 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.57 AC
Zoning
PAD
Parking
91 Spaces (27.53 Spaces per 1,000 SF Leased)
Frontage
111’ on S Watson Rd
AMENITIES
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 504-19-960 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $235,979 CAD |
PROPERTY TAXES
Parcel Number
504-19-960
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$235,979 CAD
CONTACTS
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Michael Hackett -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
CBRE, Inc.
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KFC | 682 S Watson Rd
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