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Restaurant

KFC

706 S Washington St, Grand Forks, ND 58201

Listing Price: $1,500,000

Cap Rate
6.00%
Tenant Name
KFC
Guarantor
Franchisee Guarantee
Rentable SF
3,017
Lease Type
Absolute Net
Rent Per Square Feet
$29.83

Investment Overview

The subject property is located at 706 South Washington Street in Grand Forks ND which is 80 miles north from Fargo ND on Interstate 29. This investment is a new Absolute NNN 10 Year Lease with one of the largest KFC Franchisees in the Nation which won 2023 Franchisee of the Year honors. The store sales are well above national KFC AUV. 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 10-year lease term.

Investment Highlights

  • 125+ Store Franchisee Lease Guarantee
  • 2023 KFC Franchisee of the Year
  • Strong Store Sales - Close to University of North Dakota

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) ND: 10032

    North Dakota

Listing Price: $1,500,000

Cap Rate
6.00%
Tenant Name
KFC
Guarantor
Franchisee Guarantee
Rentable SF
3,017
Lease Type
Absolute Net
Rent Per Square Feet
$29.83

Investment Highlights

  • 125+ Store Franchisee Lease Guarantee
  • 2023 KFC Franchisee of the Year
  • Strong Store Sales - Close to University of North Dakota

Investment Overview

The subject property is located at 706 South Washington Street in Grand Forks ND which is 80 miles north from Fargo ND on Interstate 29. This investment is a new Absolute NNN 10 Year Lease with one of the largest KFC Franchisees in the Nation which won 2023 Franchisee of the Year honors. The store sales are well above national KFC AUV. 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 10-year lease term.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): ND: 10032

    North Dakota

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