Restaurant

KFC

3115 Kimball Ave, Waterloo, IA 50702

Listing Price: $1,514,333

Cap Rate
6.00%
Tenant Name
Franchise Management Investors US, LLC
Years Remaining On Lease
15.9
Gross SF
2,905
Rentable SF
2,905
Price/Gross SF
$521.29
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.28

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KFC located at 3115 Kimball Ave in Waterloo, Iowa. The site consists of roughly 2,905 rentable square feet of building space on estimated .64-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease, which commenced November 15th, 2016. The current annual rent is $89,517 and is scheduled to increase by one and one-half percent (1.50%) annually and through each of the two (2), ten (10)-year renewal options.

Investment Highlights

  • Long Term, 20-Year Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilit
  • Two (2) Option Periods of Ten (10) Years Each | Potential for Total Lease Term of 4
  • Strong Hedge Against Inflation | One and One-Half Percent (1.50%) Rental Increases

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): IA: B63379000

    Iowa

Listing Price: $1,514,333

Cap Rate
6.00%
Tenant Name
Franchise Management Investors US, LLC
Years Remaining On Lease
15.9
Gross SF
2,905
Rentable SF
2,905
Price/Gross SF
$521.29
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.28

Investment Highlights

  • Long Term, 20-Year Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilit
  • Two (2) Option Periods of Ten (10) Years Each | Potential for Total Lease Term of 4
  • Strong Hedge Against Inflation | One and One-Half Percent (1.50%) Rental Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KFC located at 3115 Kimball Ave in Waterloo, Iowa. The site consists of roughly 2,905 rentable square feet of building space on estimated .64-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease, which commenced November 15th, 2016. The current annual rent is $89,517 and is scheduled to increase by one and one-half percent (1.50%) annually and through each of the two (2), ten (10)-year renewal options.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): IA: B63379000

    Iowa

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