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Views: 165 DOM: 225 Updated: 09.12.24 Posted: 04.10.24 Status: Contract 06.30.24

Summary

Price $1,133,333
Built/Renov 2024
Tenant KFC (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,430
Lease Start 06-01-2024
#Units 40
Price/SF $466.39
Expiration 06-30-2039
Tenant Type Fast Food/QSR
NOI $68,000
R. Term 14.7
Ownership Ground Lease
Rent/SF $27.98
Increases 10.0%/5/yrs
Pop 5Mi 31,968
Lot/AC 0.67
Options 4/5yrs/10%
AHHI 5Mi $57,922

Lease Highlights

  • Brand-new 2024 construction
  • KFC will be executing a brand-new 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Tasty Chick'n Midwest, LLC. (40 units backed)

Location Description

KFC is strategically located on Interstate 55, with access to 36,976 vehicles passing by daily. The property benefits from its location within a densely populated residential area surrounded by well-known national tenants including Burger King, Arby’s, Sonic Drive-In, McDonald’s, Dollar General, Comfort Inn, and Hampton Inn, and more. The 5-mile trade area is supported by a population of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: KFC
  • Guarantor:Franchisee
  • Company:Tasty Chick'n Midwest, LLC.
  • # Units:40
  • Tenant S&P: BB+
  • Moody’s: Ba2
  • Stock: NYSE: YUM

About Tenant

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,549 14,785 30,004
2023 Total Population : 5,730 15,101 30,641
2023 Employed Civilian Pop : 3,176 8,127 14,996
2023 Total Businesses : 217 424 1,224
2023 Average Household Income : $ 91,087 $ 98,227 $ 83,314
2023 Total Consumer Spending : $ 177 M $ 482 M $ 869 M
2023 Median Age : 37 37 38
2023 Total Households : 2,223 5,655 11,968
2023 Pop Age 25+: Bachelor's Degree : 491 1,529 3,117
2023 Average Home Value : $ 174,330 $ 194,397 $ 168,991
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
I- 55 Old Military Rd 2017 6,500 0.10 mi
Lumpkin Block St 2021 370 0.10 mi
Interstate 55 Access Road Block St 2021 5,900 0.11 mi
Old Military Rd 2021 5,600 0.17 mi
Interstate 55 Access Road Old Military Rd 2021 2,300 0.18 mi
Old Military Rd Angelo's Grove Rd 2015 13,000 0.19 mi
Interstate 55 Access Road Old Military Rd 2021 3,900 0.21 mi
Military Road Holly St 2021 7,600 0.25 mi
Old Military Road Sartini Rd 2021 12,000 0.30 mi
Military Rd 2021 1,800 0.39 mi

Listing Broker

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