KFC 1303 S State St

1303 S State St , Jerseyville, Illinois, 62052 | 1,901 sq.f | $ 1,855,000

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About This Restaurant

Investment Highlights

St. Louis MSA 18+ Years Lease Term Remaining Desirable Rent Increases Walmart Outparcel Location Absolute NNN with No LL Responsibility Brand New Construction

Executive Summary

Available Individually or as a Portfolio - See Flyer for DetailsNorthmarq is pleased to announce the exclusive offering of the fee simple interest in a KFC restaurant located in Jerseyville, IL (the ?Property?). The Property consists of a 0.81 acre-parcel of land containing a newly constructed, approximately 1,901 square foot American Showman Prototype quick service restaurant. The Tenant, AMPEX Brands of St. Louis 3, Inc., is operating under a 20-year absolute net lease structure with contractual cash flow through January 2043. Additionally, the lease features frequent rental increases during the base term, as well as at the start of each of the three (3), five (5) year renewal option periods. The lease is guaranteed by the franchisee who operates 24 locations in Missouri and Illinois. This new location north of St. Louis has shown strong performance since opening in January of 2023, as evidenced by its rent to sales ratio of 7.54%. The Property is situated in a prime location in the heart of Jerseyville and directly across from a Walmart Supercenter, drawing an abundance of traffic to the immediate area. Other neighboring businesses include popular brands such as AT&T, AutoZone, Taco Bell, Dollar Tree, Great Clips, US Cellular, Burger King, and Arby's. The Subject Property is located directly across the street from the only Walmart Supercenter in town. Additionally, the nearest KFC is approximately 18 miles away and provides a competitive advantage against other KFC operators. KFC is a world-renowned fast food restaurant brand with a 75-year history of serving up delicious, ?finger-lickin?-good? fried chicken. As the second-largest restaurant chain in the world, KFC boasts over 27,000 locations in 145 countries and employs 800,000 team members. KFC is a subsidiary of Yum! Brands, Inc., which also operates popular restaurant brands such as Pizza Hut, Taco Bell, and The Habit Burger Grill.In association with: Isaiah Harf, IL Lic #471019332

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
  • Building Size    1,901
  • Year Built    2022
  • Price    1,855,000
  • Price Per SF    976
  • Cap Rate    6.20
  • NOI    115,015
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.05
  • Land Acres    0.82 AC

Amenities

  • Drive Thru
Date Created: 2024-07-16 04:13:38 Last Updated: 2024-07-16 04:13:38
Address: 1303 S State St , Jerseyville, Illinois, 62052