September 14, 2022 – Luke Thomson of Horvath & Tremblay has successfully completed the sale of KFC in Liberal, Kansas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,050,000.
KFC is located at 234 W Pancake Boulevard in Liberal, Kansas. The stand-alone single tenant building consists of 3,112 square feet and sits on a 0.52-acre parcel with a drive thru. KFC executed a new 15-year Absolute NNN Lease with two (2), 5-year renewal options upon close of escrow. The building is currently undergoing a store remodel to the “American Showman” KFC Prototype. The lease includes attractive 7.5% rent increase every 5 years throughout the primary lease term and at the start of each option period. The KFC lease is guaranteed by an experienced operator with a 25-year track-record within the KFC system. The Property is well-located along W Pancake Boulevard (US Route 54), one of the area’s primary commercial and commuter corridors. The Property benefits from outstanding visibility and frontage and enjoys close proximity to area schools, businesses and hotels.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.