3175 W 11th Ave

Investment Highlights

1.50% Annual Rental Increases - 125+ Stores Guarantee Lease 20 Year Absolute NNN Lease with 17 years remaining Strong Sales Location - Tenant is 2023 KFC Franchisee of the Year

Executive Summary

The subject property is located at 3175 West 11th Avenue in Eugene OR (Home to University of Oregon). This investment is a Absolute NNN 20 Year Lease with one of the largest KFC Franchisees in the Nation. The Franchisee was just named "2023 Franchisee of the Year" by KFC Corporate. The Subject Property Lease is guaranteed by 125+ Stores. The 20 year NNN Lease commenced December 1st 2021 with 1.50% annual increases and there are (4) 5 Year Renewal Options after the primary 20-year lease term.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Restaurant Fast Food
• Building Size    3,194
• Building Class    B
• Year Built    2004
• Price    3,091,000
• Price Per SF    968
• Cap Rate    5
• NOI    154,534
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.09
• Land Acres    0.85 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Bus Line
• Pylon Sign
• Signage
• Signalized Intersection
• Drive Thru