Restaurant
KFC / Taco Bell
634 W Main St, Benton, IL 62812
Listing Price: $3,232,000
Cap Rate
6.00%
Tenant Name
KFC, Taco Bell
Gross SF
4,557
Guarantor
Franchisee Guarantee
Rentable SF
4,557
Price/Gross SF
$709.24
Lease Type
Absolute Net
Rent Per Square Feet
$42.55
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a KFC in Benton, IL.
KFC / Taco Bell
Investment Highlights
- 20-Year absolute triple-net (NNN) free-standing KFC QSR in Benton, IL. The lease features 1.50% annual increases beginning in year seven, four five-year options, and a strong guarantee.
- The tenant is Tasty Chick'n Midwest, LLC & the guarantor is Tasty Chick'n, LLC, providing an 80-unit lease guarantor.
- Tasty Restaurant Group ("TRG") provides management services to both the tenant and guarantor entities. TRG is one of the largest multi-brand QSR operators in the nation and 2nd largest KFC operator.
- Highway exit location at the intersection of I-57 at W Main St, which sees a combined 49,600+ VPD.
- Primary retail corridor location with nearby retailers including Pizza Hut, AutoZone, Sonic, CVS, Save-a-lot, and Hardees. There is a Walmart Supercenter (2.1M Visits YTD) and a Dollar Tree anchored strip center 0.6 miles East of subject property.
- Benton, IL is ~10 miles from Rend Lake, the 2nd largest man-made lake in Illinois. Rend Lake has 6 major recreation areas,162 miles of shoreline, and sees 3M+ visitors each year.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Listing Price: $3,232,000
Cap Rate
6.00%
Tenant Name
KFC, Taco Bell
Gross SF
4,557
Guarantor
Franchisee Guarantee
Rentable SF
4,557
Price/Gross SF
$709.24
Lease Type
Absolute Net
Rent Per Square Feet
$42.55
Investment Highlights
- 20-Year absolute triple-net (NNN) free-standing KFC QSR in Benton, IL. The lease features 1.50% annual increases beginning in year seven, four five-year options, and a strong guarantee.
- The tenant is Tasty Chick'n Midwest, LLC & the guarantor is Tasty Chick'n, LLC, providing an 80-unit lease guarantor.
- Tasty Restaurant Group ("TRG") provides management services to both the tenant and guarantor entities. TRG is one of the largest multi-brand QSR operators in the nation and 2nd largest KFC operator.
- Highway exit location at the intersection of I-57 at W Main St, which sees a combined 49,600+ VPD.
- Primary retail corridor location with nearby retailers including Pizza Hut, AutoZone, Sonic, CVS, Save-a-lot, and Hardees. There is a Walmart Supercenter (2.1M Visits YTD) and a Dollar Tree anchored strip center 0.6 miles East of subject property.
- Benton, IL is ~10 miles from Rend Lake, the 2nd largest man-made lake in Illinois. Rend Lake has 6 major recreation areas,162 miles of shoreline, and sees 3M+ visitors each year.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a KFC in Benton, IL.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
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