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Restaurant

KFC / Taco Bell

6030 Enterprise Pkwy, Solon, OH 44139

Listing Price: $2,285,825

Cap Rate
5.15%
Tenant Name
MITRA QSR KNE, LLC
Years Remaining On Lease
11.8
Guarantor
Franchisee Guarantee
Rentable SF
2,795
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.12

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an KFC/Taco Bell located at 6030 Enterprise Pkwy in Solon, OH. The site consists of roughly 2,795 rentable square feet of building space on estimated 1.46-acre parcel of land. This Art Van Furniture is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 3rd, 2012. The current annual rent is $117,720 and is scheduled to increase by 8% every 5 years throughout the base term and in each of the 4, 5-year renewal options. Mitra is a high-energy, fast-moving company on a mission to become one of the largest and most profitable franchisees in the QSR industry. Their company is made up of an extremely diverse group of individuals, the essential common trait that they all share is passion. Passion for food, passion for growth and passion for helping one another. Mitra believe that skills can be acquired, developed and sharpened over time, but passion is either part your DNA or not. If you bring the passion, Mitra will supply the rest of the tools and training you need to achieve incredible success in our organization.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease with More than 11 Years Remaining
  • Eight Percent (8%) Rental Increases Occurring Every Five (5) Years
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term Remaining to 30 Years

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Restaurant

KFC / Taco Bell

Listing Price: $2,285,825

Cap Rate
5.15%
Tenant Name
MITRA QSR KNE, LLC
Years Remaining On Lease
11.8
Guarantor
Franchisee Guarantee
Rentable SF
2,795
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.12

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease with More than 11 Years Remaining
  • Eight Percent (8%) Rental Increases Occurring Every Five (5) Years
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term Remaining to 30 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an KFC/Taco Bell located at 6030 Enterprise Pkwy in Solon, OH. The site consists of roughly 2,795 rentable square feet of building space on estimated 1.46-acre parcel of land. This Art Van Furniture is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 3rd, 2012. The current annual rent is $117,720 and is scheduled to increase by 8% every 5 years throughout the base term and in each of the 4, 5-year renewal options. Mitra is a high-energy, fast-moving company on a mission to become one of the largest and most profitable franchisees in the QSR industry. Their company is made up of an extremely diverse group of individuals, the essential common trait that they all share is passion. Passion for food, passion for growth and passion for helping one another. Mitra believe that skills can be acquired, developed and sharpened over time, but passion is either part your DNA or not. If you bring the passion, Mitra will supply the rest of the tools and training you need to achieve incredible success in our organization.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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