$1,263,790 | 5.25% CAP • 15-Year Sale Leaseback • Absolute ......Freightworks Terminal RMax...
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WWW.CORECRE.COM $1,263,790 | 5.25% CAP 1455 E Newlands Rd, Fernley, NV • 15-Year Sale Leaseback • Absolute NNN Lease • 15-Unit Operator Dave Lucas 415.274.7390 [email protected] NV RED #1001411
Transcript of $1,263,790 | 5.25% CAP • 15-Year Sale Leaseback • Absolute ......Freightworks Terminal RMax...
WWW.CORECRE.COM
$1,263,790 | 5.25% CAP1455 E Newlands Rd, Fernley, NV
• 15-Year Sale Leaseback• Absolute NNN Lease• 15-Unit Operator
Dave [email protected] RED #1001411
WWW.CORECRE.COM2
• Across the street from Walmart Supercenter
• Located at the intersection of Interstate 80 & US Highway 50 alternate
• Significant nearby industrial presence including: Daehan Solution, TREX, Agru America, Sherwin Williams, Quad Graphics & MSC Industrial which combine to total approximately 1.6M square feet
• Immediately adjacent to Sure Stay by Best Western
• Additional nearby tenants include Lowe’s, Chrysler Dodge Jeep RAM, Dollar Tree, Greater Nevada Credit Union, Wells Fargo, O’Reilly Auto Parts, Jack in the Box, McDonald’s, Silverado Casino and Super 8 Motel
• Three-mile population of 17,217
• 2019 reported store sales of $884,655
Investment Highlights
Offering SummaryAsking Price: $1,263,790
Cap Rate: 5.25%
Net Operating Income: $66,349
Address: 1455 E Newlands Rd, Fernley, NV 89408
Lease Type: Absolute NNN
Primary Lease Term: 15 Years Commencing at COE
Options: 3, 5 year options
Increases: 10% every 5 years during primary term and options
Year Built: 2007
Drive-Thru: Yes
Building Size: 3,150 SF (to be confirmed)
Parcel Size: 1.0 acre (43,560 SF)
Parking: 28 spaces
APN: 021-232-02 (Lyon County)
Lease Guarantor: V&K Food Corporation (15 unit operator)
Ownership Type: Fee Simple – Land & Improvements
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Retail Presence, Fernley
SUBJECT
Silverado CasinoSilverado Casino
Fernley Village Marketplace
Fernley Village Marketplace
Newlands Ave - 1,201 VPD
Newlands Ave - 1,201 VPD
37,745 VPD37,745 VPD
14,50
2 VPD
14,50
2 VPD
Daehan SolutionDaehan SolutionTREXTREX
Freightworks TerminalFreightworks Terminal
RMaxRMax
Polyglass USAPolyglass USA
Fortiber BuildingFortiber BuildingSystems Group Systems Group
Agru AmericaAgru America
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Fernley, NV was established in 1904 and is located approximately 30 miles east of the Reno-Sparks
metropolitan trade area and 60 miles northeast of Carson City. The residential population of Fernley is approximately 20,000 and is projected to grow as does the continued development of new industrial and manufacturing facilities within the trade area. Raw land in Fernley continues to draw investment interest due to its proximity to the Tahoe Reno Industrial Center (TRI) as well as its convenient access to Interstate 80 and Highway 50. In 2019 a land sale of approximately 4,300 acres in Fernley set the mark for the second largest land sale in Nevada history.
1 mile 3,747
3 mile 17,217
5 mile 20,844
Population
1 mile 1,474
3 mile 6,735
5 mile 8,120
Households
1 mile $58,374
3 mile $68,640
5 mile $68,746
Average HH Income
1 mile 147
3 mile 427
5 mile 451
Total Businesses
1 mile 1,687
3 mile 4,060
5 mile 4,273
Total Employees
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Franchisee / Corporate Profile
KFC is #86 on Forbes List for the World’s Most Valuable
Brands in 2019 with a brand value of $8.5B
As of Dec 31, 2018 KFC was the world’s second largest
restaurant fast food chain in the world.
Kentucky Fried Chicken (KFC) was founded in
Kentucky in 1930 and is now a worldwide presence with over 23,000 outlets.
This KFC is being offered as a 15-year sale leaseback. The tenant at this location is V&K Food Corporation and has over 35 years of experience as a KFC Franchisee. V&K Food
Corporation operates 15 locations throughout California & Nevada.
KFC Corporation, based in Louisville, Kentucky, is one of the few brands in America that can boast a rich, decades-long history of success and innovation. It all started with one cook who created a soon-to-be world-famous recipe more than 70 years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. That cook was Colonel Harland Sanders, of course, and now KFC is the world’s most popular chicken restaurant chain, specializing in that same Original Recipe® along with Extra Crispy™ chicken, home-style sides and buttermilk biscuits. We’re at over 23,000 KFC outlets and more than 140 countries and territories around the world.
KFC is a subsidiary of Yum! Brands (NYSE:YUM) listed on the Fortune 500 who also operate the brands of Taco Bell, Pizza Hut and WingStreet, except in China where the brands are operated by Yum China.
Source: https://www.kfc.com/about and https://www.forbes.com/compa-nies/kfc/#5cafc7ad44ee
