KFC | Taco Bell NNN Property For Sale — McKinney, TX
2920 Eldorado Parkway, McKinney, TX 75070
This investment opportunity features a newly extended 15-year absolute NNN lease with KFC/Taco Bell, demonstrating the tenant's strong performance and commitment to the location. The lease offers a passive investment with no landlord maintenance responsibilities and includes attractive 7.5% rental increases throughout the primary term and options, providing a hedge against inflation. With two 5-year options to renew, the total potential lease term is 25 years. The property is situated in a rapidly expanding trade area that experienced 137% growth from 2000-2010 and is projected to grow an additional 12% by 2023. The dense and affluent infill location boasts over 18,000 residents within a 1-mile radius with average household incomes exceeding $139,000. Strategically positioned off Highway…
- Address: 2920 Eldorado Parkway, McKinney, TX 75070
- Asking price $2.12M
- 5.65% cap rate
- NOI $120,000
- 15 years remaining
- NNN lease
- Year built: 1999
- Building size: 3,122 SF
- Lot size: 0.96 acres
- Rent increases: 7.5% rental increases throughout the primary term and options
- Guarantor: Corporate
Location
This KFC | Taco Bell property is at 2920 Eldorado Parkway in McKinney, Texas.
Asset type: Shopping Center / Retail