The Property offered for sale is a 0.277-acre tract of land with 2,299 square feet of improvements net leased to FQSR, LLC (franchisee) for the operation of a KFC restaurant. The 23-year lease term commenced April 1, 2011 and expires March 31, 2034. KFC has 10 additional years in lease extension options (in 5-year increments), as set forth in the Lease Summary within this presentation.
NNN Lease: Tenant pays for all real estate taxes, insurance, and maintenance on the Property. Please refer to the Lease Summary for further details.
Representation – Buyer