Restaurant
KFC
2575 Olympic St, Springfield, OR 97477
Listing Price: $3,496,000
Investment Overview
The subject property is located at 2575 Olympic Street in Springfield OR. This investment is an Absolute NNN 20 Year Lease with one of the largest KFC Franchisees in the Nation. In 2016, the Franchisee was selected by KFC Corporate as the #1 Operational Franchisee in the system and has continued this honor annually since 2016. The Franchisee was just named "2023 Franchisee of the Year" by KFC Corporate. The Subject Property Lease is guaranteed by 120+ Stores. The 20 year NNN Lease commenced December 1st 2021 and there are (4) 5 Year Renewal Options after the primary 20-year lease term.
Exclusively Listed By
Broker of Record
Listing Price: $3,496,000
Investment Highlights
- High Volume Sales Location - Out Pad to Super Walmart
- Tenant just named "2023 KFC Franchisee of the Year"
- 18+ Years remaining on 20 Year Lease - 1.50% annual Increases - (4) 5 Year Renewal options
Investment Overview
The subject property is located at 2575 Olympic Street in Springfield OR. This investment is an Absolute NNN 20 Year Lease with one of the largest KFC Franchisees in the Nation. In 2016, the Franchisee was selected by KFC Corporate as the #1 Operational Franchisee in the system and has continued this honor annually since 2016. The Franchisee was just named "2023 Franchisee of the Year" by KFC Corporate. The Subject Property Lease is guaranteed by 120+ Stores. The 20 year NNN Lease commenced December 1st 2021 and there are (4) 5 Year Renewal Options after the primary 20-year lease term.
Exclusively Listed By
Broker of Record
