Skip to main content

Restaurant

KFC

1726 Vermillion St, Hastings, MN 55033

Listing Price: $2,400,000

Cap Rate
6.00%
Tenant Name
KFC
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$57.60

Investment Overview

The subject property is located at 1726 Vermillion Street in Hastings MN which is 25 miles southeast of the Twin Cities (Minneapolis/St. Paul). This investment is an Absolute NNN 15 Year Lease with one of the largest KFC Franchisees in the Nation and the largest KFC franchisee in Minnesota. The Subject Property Lease is guaranteed by 125+ Stores. The Lease provides for long term stability with 8% increases every 5 years and there are (4) 5 Year Renewal Options after the primary 15-year lease term.

Investment Highlights

  • New 15 Year Lease from the Close of Escrow
  • 125+ Store Franchisee Guarantee - 2023 Franchisee of the Year
  • 2023 Construction - Newest KFC Design/Image

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Listing Price: $2,400,000

Cap Rate
6.00%
Tenant Name
KFC
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$57.60

Investment Highlights

  • New 15 Year Lease from the Close of Escrow
  • 125+ Store Franchisee Guarantee - 2023 Franchisee of the Year
  • 2023 Construction - Newest KFC Design/Image

Investment Overview

The subject property is located at 1726 Vermillion Street in Hastings MN which is 25 miles southeast of the Twin Cities (Minneapolis/St. Paul). This investment is an Absolute NNN 15 Year Lease with one of the largest KFC Franchisees in the Nation and the largest KFC franchisee in Minnesota. The Subject Property Lease is guaranteed by 125+ Stores. The Lease provides for long term stability with 8% increases every 5 years and there are (4) 5 Year Renewal Options after the primary 15-year lease term.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

MM Texture Background
MM Textured Background Lower