loader
Join
DOM: 53 Updated: 04.22.24 Posted: 01.19.24 Status: Sold     03.12.24

Summary

Price $1,169,140 $1,193,000
Built/Renov 1987
Tenant KFC | Taco Bell
Cap Rate 6.12% 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,317
Lease Start 06-15-2021
#Units 75
Price/SF $352.47 $359.66
Expiration 06-14-2031
Tenant Type Fast Food/QSR
NOI $71,580
R. Term 5.10
Ownership Fee Simple
Rent/SF $21.58
Increases 7.5%/2/yrs
Pop 5Mi 18,578
Lot/AC 1.32
Options 4/5yrs/7.5%
AHHI 5Mi $73,162

Highlights

  • KFC | Taco Bell has 7+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 7.5% rental increases every 5 years throughout the initial term and at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Franchise Management Inc.

Location Description

KFC | Taco Bell is situated at the signalized intersection of Northside Drive and Kocher Drive/State Highway 7A, which has a combined daily traffic count of 20,000 vehicles. Its strategic positioning offers convenient access, as it is only 0.2 miles away from US Route 7, which serves as the main retail corridor in the area. The property benefits from its proximity to various shopping centers...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Franchise Management Inc. (FMI) is one of the largest Pizza Hut, KFC, and Taco Bell franchise operators in North America. FMI also operates Panera Bread cafes in Canada. FMI Group is proud to own...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,170 13,972 17,954
2023 Total Population : 3,149 13,983 17,992
2023 Employed Civilian Pop : 1,046 5,920 7,932
2023 Total Businesses : 320 813 959
2023 Average Household Income : $ 87,430 $ 84,036 $ 89,385
2023 Total Consumer Spending : $ 100 M $ 423 M $ 583 M
2023 Median Age : 41 43 44
2023 Total Households : 1,319 5,773 7,482
2023 Pop Age 25+: Bachelor's Degree : 514 2,246 2,923
2023 Average Home Value : $ 305,154 $ 274,131 $ 289,241
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Northside Dr 2022 8,532 0.03 mi
Northside Drive Northside Dr 2021 14,882 0.05 mi
Northside Drive Northside Dr 2021 8,456 0.05 mi
ALDI PARKING LOT Northside Dr 2020 1,707 0.07 mi
Northside Dr Kocher Dr 2001 12,500 0.07 mi
Koscher Drive Northside Dr 2022 15,016 0.07 mi
Hunt Street Robinson Ave 2022 716 0.10 mi
Northside Dr Kocher Dr 2001 11,300 0.12 mi
US7 Northside Dr 2019 11,891 0.14 mi
Koscher Drive US Hwy 7 2022 11,069 0.14 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

Get NNN Listings, News
& Insights in Your Inbox