KFC

Maryville, MO

Price $1,538,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Under Contract
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 3,272
PRICE/SQ FT $470
YEAR BUILT 1989
LEASE EXP. 06/30/2038
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Bryan King, King Realty Advisors
Missouri Local Broker #2008036027

Property Description

KFC has a brand new 20 year Absolute NNN lease with 5% rental escalations every 5 years with two 5 year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US operating 599 locations in 23 states and will generate sales in excess of $650 Million in 2018! This location has been open and operating for decades with an attractive 7.25% rent to sales ratio. This KFC is slated for remodel by yearend 2021, further solidifying the tenant’s commitment to the site.

 

The subject location is located in Maryville, Missouri on the main north/south thoroughfare (S Main Street) with high drive-by visibility. KFC is located across the street from Walmart Supercenter, and nearby retailers include Sutherlands Lumber, Hy-Vee, Dollar Tree, Dollar General, Maurice’s, Hibbett Sports, Walgreens, O’Reilly Auto Parts, Ace Hardware, Sears Hometown Store, Orscheln Farm & Home, Sprint Store, and Shoe Sensation.

*In Association with Missouri Local Broker: King Realty Advisors

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with 5% Rental Escalations every 5 Years
  • Seasoned location: Successfully Open & Operating for Decades with an Attractive 7.25% Rent-to-Sales Ratio!
  • Traffic Counts: High Drive-By Visibility on S Main St (Main North/South Thoroughfare) where Traffic Counts Exceed 11,190 CPD
  • Tenant: KBP Foods, the largest KFC franchisee in the U.S., Operates 599 Locations in 23 states will Generate Sales in Excess of $650 Million in 2018
  • Pending Remodel: Slated for Remodel Estimated by Yearend 2021, Further Solidifying the Tenant’s Commitment to the Site!
  • Demographics: Total Population (5-MI): 14,758 | Avg HH Income (1-MI): $59,772