Restaurant

KFC 15 Year NNN Lease

332 Barre-Montpelier Rd, Barre, VT 05641

Listing Price: $1,095,146

Cap Rate
5.15%
Tenant Name
KFC
Years Remaining On Lease
14.8
Gross SF
3,500
Guarantor
Franchisee Guarantee
Rentable SF
3,500
Price/Gross SF
$312.90
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.11

Investment Overview

Marcus & Millichap is pleased to present for sale this KFC
Fast Food Restaurant located in Barre, Vemront. At closing,
the tenant will sign a 15-Year Absolute NNN Lease with 7.5
percent increases in rent every five years. This property is
located across the street from a Price Chopper Supermarket
Anchored Shopping Center. This property is also minutes away
from Central Vermont Medical Center which is the primary
health care provider to 66,000 people in the area with 122 beds
and 200 physicians. Retailers in the immediate area include
Petco, Sunoco, Enterprise Rent A Car and Price Chopper.
Barre is the most populous city in Washington County Vermont
with a population exceeding 9,052 and its Twin City of
Montpelier, Vermont, which is the capital of the state and a has
a population of over 60,000.
KFC, also known as Kentucky Fried Chicken, is an American
fast food restaurant chain headquartered in Louisville,
Kentucky, that specializes in fried chicken. It is the worlds
second-largest restaurant chain (as measured by sales) after
McDonalds, with 22,621 locations globally in 136 countries as
of December 2018. The chain is a subsidiary of Yum! Brands,
a restaurant company that also owns the Pizza Hut, Taco Bell,
and WingStreet chains.

Investment Highlights

  • KFC Absolute NNN 15-Year Lease
  • 7.5% Increases Every 5 Years in the Base Term and Options
  • Located Across the Street from a Price Chopper Supermarket Anchored Shopping Center
  • Located in close proximity to Vermont State Colleges and Community College
  • 9 Minutes from Montpelier High School and Berlin Elementary
  • KFC is considered an Essential Tenant

Exclusively Listed By

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    License(s): 081.0000142

    Vermont

Listing Price: $1,095,146

Cap Rate
5.15%
Tenant Name
KFC
Years Remaining On Lease
14.8
Gross SF
3,500
Guarantor
Franchisee Guarantee
Rentable SF
3,500
Price/Gross SF
$312.90
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.11

Investment Highlights

  • KFC Absolute NNN 15-Year Lease
  • 7.5% Increases Every 5 Years in the Base Term and Options
  • Located Across the Street from a Price Chopper Supermarket Anchored Shopping Center
  • Located in close proximity to Vermont State Colleges and Community College
  • 9 Minutes from Montpelier High School and Berlin Elementary
  • KFC is considered an Essential Tenant

Investment Overview

Marcus & Millichap is pleased to present for sale this KFC
Fast Food Restaurant located in Barre, Vemront. At closing,
the tenant will sign a 15-Year Absolute NNN Lease with 7.5
percent increases in rent every five years. This property is
located across the street from a Price Chopper Supermarket
Anchored Shopping Center. This property is also minutes away
from Central Vermont Medical Center which is the primary
health care provider to 66,000 people in the area with 122 beds
and 200 physicians. Retailers in the immediate area include
Petco, Sunoco, Enterprise Rent A Car and Price Chopper.
Barre is the most populous city in Washington County Vermont
with a population exceeding 9,052 and its Twin City of
Montpelier, Vermont, which is the capital of the state and a has
a population of over 60,000.
KFC, also known as Kentucky Fried Chicken, is an American
fast food restaurant chain headquartered in Louisville,
Kentucky, that specializes in fried chicken. It is the worlds
second-largest restaurant chain (as measured by sales) after
McDonalds, with 22,621 locations globally in 136 countries as
of December 2018. The chain is a subsidiary of Yum! Brands,
a restaurant company that also owns the Pizza Hut, Taco Bell,
and WingStreet chains.

Exclusively Listed By

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    License(s): 081.0000142

    Vermont

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