About This Restaurant
Investment Highlights
Over 15 Years Remaining | Experienced Operator (42 Units) | Well-Known Established Brand | Rent Override Near Signalized Intersection | SIH St. Joseph Memorial Hospital |Strong National/Credit Tenant Presence Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Strong Demographics in 5-Mile Trade Area
Executive Summary
? The tenant currently has over 15 years remaining on their current lease with 4 (5-year) options to extend? There are no scheduled rent increases but a 7% rent to sales override that becomes due in March of each following year end? Tasty Chick?n Midwest is an experienced KFC Franchisee currently operating 89 KFC restaurants? KFC Corporation was founded in 1952, and currently has over 29,000 KFC restaurants in nearly 150 countries and territories around the world
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 3,000
- Building Class B
- Year Built 2019
- Price 1,850,000
- Price Per SF 617
- Cap Rate 5.41
- NOI 100,020
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.18
- Land Acres 0.39 AC
Amenities
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 14-04-459-006 | Improvements Assessment | $50,001 |
| Land Assessment | $65,965 | Total Assessment | $115,966 |
| Date Created: | 2024-07-16 04:13:38 | Last Updated: | 2024-07-16 04:13:38 |
| Address: | 515 Walnut St , Murphysboro, Illinois, 62966 | ||