loader
Join Free
Views: 27 Updated: 08.29.23 Posted: 02.27.23 Status: Sold

Summary

Price $775,000
Built/Renov 1985/2021
Tenant KFC
Cap Rate 11.90%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,100
Lease Start 02-15-2006
#Units 200
Price/SF $369.05
Expiration 05-31-2027
Tenant Type Fast Food/QSR
NOI $92,225
R. Term 2.5
Ownership Fee Simple
Rent/SF $43.92
Increases 0.0%/0/yrs
Pop 5Mi 490,947
Lot/AC 0.39
Options 3/20yrs
AHHI 5Mi $58,928

Lease Highlights

  • KFC has been operating at this site since 2006
  • Tenant has over 4 years remaining on the current lease term with 1 (10-year) option and 2 (5-year) options to extend
  • Lease features no rental increases
  • Absolute NNN lease presents zero landlord responsibilities
  • Guaranteed by Mitra Midwest Operations, LLC, with over 200 locations

Location Description

KFC is strategically located along West Burleigh Street, North 35th Street and West Fond Du Lac Avenue seeing a combined 46,525 vehicles per day. The subject property benefits from excellent visibility and exposure with multiple points of ingress/egress providing convenience and ease for customers. National/credit tenants in the area include Family Dollar, Jet Beauty, Cricket, Checkers, Boost...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: KFC
  • Guarantor:Franchisee
  • Company:Mitra Midwest Operations, LLC
  • # Units:200
  • 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 that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 27,823 211,943 486,133
2023 Total Population : 28,026 213,857 485,068
2023 Employed Civilian Pop : 8,937 87,573 220,612
2023 Total Businesses : 512 5,781 16,980
2023 Average Household Income : $ 49,494 $ 62,311 $ 80,086
2023 Total Consumer Spending : $ 453 M $ 4781 M $ 14238 M
2023 Median Age : 31 32 33
2023 Total Households : 10,316 86,976 203,142
2023 Pop Age 25+: Bachelor's Degree : 1,333 21,609 65,688
2023 Average Home Value : $ 179,903 $ 202,259 $ 255,666
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Burleigh Street N 34th St 2019 10,700 0.01 mi
West Fond du Lac Avenue N 34th St 2019 23,500 0.03 mi
North 35th Street W Fond du Lac Av 2019 13,300 0.04 mi
North 35th Street W Auer Ave 2019 12,000 0.08 mi
West Fond du Lac Avenue N 36th St 2019 24,400 0.10 mi
N 35th St W Chambers St 2010 10,000 0.13 mi
W Burleigh St N 33rd St 2016 9,800 0.14 mi
W Fond du Lac Ave N 32nd St 2010 25,000 0.14 mi
N 35th St W Concordia Ave 2016 12,800 0.23 mi
W Fond du Lac Ave W Auer Ave 2016 20,100 0.24 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity