Restaurant
KFC
514 S Commercial St, Harrisburg, IL 62946
Listing Price: $3,034,000
Cap Rate
6.25%
Tenant Name
KFC
Gross SF
7,298
Guarantor
Franchisee Guarantee
Rentable SF
7,298
Price/Gross SF
$415.73
Lease Type
Absolute Net
Rent Per Square Feet
$25.98
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a KFC in Harrisburg, IL.
KFC
Investment Highlights
- 20-Year absolute triple-net (NNN) of a free-standing KFC QSR in Harrisburg, 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.
- The subject property outperforms the average KFC location with above systemwide AUV sales, ranked number 4 best KFC by FastCompany (Aug 2024), and has a chain ranking in the 97th percentile (101st/3,082) of KFC locations tracked by Placer.ai.
- KFC resides on a signalized corner at the intersection of US 45 and E Sloan St that sees over 20,500 VPD. In and around the intersection, is an array of national retailers including Walmart, McDonald's, Sonic, Taco Bell, Dairy Queen, Dollar General, and more.
- The neighboring Walmart saw over 2M visits over the last twelve months and is the largest retail building in the City of Harrisburg (185k SF).
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Listing Price: $3,034,000
Cap Rate
6.25%
Tenant Name
KFC
Gross SF
7,298
Guarantor
Franchisee Guarantee
Rentable SF
7,298
Price/Gross SF
$415.73
Lease Type
Absolute Net
Rent Per Square Feet
$25.98
Investment Highlights
- 20-Year absolute triple-net (NNN) of a free-standing KFC QSR in Harrisburg, 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.
- The subject property outperforms the average KFC location with above systemwide AUV sales, ranked number 4 best KFC by FastCompany (Aug 2024), and has a chain ranking in the 97th percentile (101st/3,082) of KFC locations tracked by Placer.ai.
- KFC resides on a signalized corner at the intersection of US 45 and E Sloan St that sees over 20,500 VPD. In and around the intersection, is an array of national retailers including Walmart, McDonald's, Sonic, Taco Bell, Dairy Queen, Dollar General, and more.
- The neighboring Walmart saw over 2M visits over the last twelve months and is the largest retail building in the City of Harrisburg (185k SF).
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a KFC in Harrisburg, IL.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
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