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Restaurant

KFC & Taco Bell, Saint Albans City, VT

363 Swanton Rd, Saint Albans City, VT 05478

Listing Price: $1,109,146

Cap Rate
5.50%
Tenant Name
KFC & Taco Bell
Years Remaining On Lease
9.3
Gross SF
2,666
Guarantor
Franchisee Guarantee
Rentable SF
2,666
Price/Gross SF
$416.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.89

Investment Overview

Marcus & Millichap is pleased to present for sale this KFC / Taco
Bell Fast Food Restaurant located in Saint Albans City, Vermont. At
closing, the tenant will sign a 10-Year Absolute NNN Lease with 7.5
percent increases in rent every five years. This property is located
nine minutes from a thriving Industrial Park which includes Ben
& Jerrys (Ice Cream Plant employs 200 people, runs 24 hours a
day, seven days a week and produces 528,000 pints of ice cream
per day), Mylan (Giant Pharmaceutical Company with 390,000 sf
plant and 600 employees) NECR and Barry Callebarr. Retailers in
the immediate area include Hannaford Supermarkets, T.J. Maxx,
Olympia Sports and Highgate Commons Shopping Center.
St. Albans City, Vermont is the county seat of Franklin County with
a population of 6,918. It is surrounded by St. Albans Town, which
is incorporated separately from St. Albans City, with a population
of 5,999 and is located on the shore of the great Lake Champlain.
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 2019.
The chain is a subsidiary of Yum! Brands, a restaurant company
that also owns the Pizza Hut, Taco Bell, and WingStreet chains.
Taco Bell is the worlds leading Mexican-style quick service
restaurant chain, serving almost 3 billion consumers each year
in more than 7,072 restaurants in the United States. It is an
American chain of fast-food restaurants based in Irvine, California.
A subsidiary of YUM! Brands, Inc., serving American-adapted
Mexican food, over 93 percent of Taco Bell restaurants are owned
and operated by independent franchisees.

Investment Highlights

  • KFC/Taco Bell Absolute NNN 10-Year Lease
  • 7.5% Increases Every 5 Years in the Base Term and Options
  • Signalized Intersection at the Entrance to a Hannaford Supermarket Anchored Shopping
  • 6 Minutes from Northwestern Medical Center voted One of Top 100 Hospitals
  • Located Eight Minutes away from the Community College of Vermont with 7,120 Enrolled
  • Only 9 minutes from Ben & Jerrys Plant and Giant Pharmaceutical Company Mylar

Exclusively Listed By

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s) 081.0000142

    Vermont

Restaurant

KFC & Taco Bell, Saint Albans City, VT

Listing Price: $1,109,146

Cap Rate
5.50%
Tenant Name
KFC & Taco Bell
Years Remaining On Lease
9.3
Gross SF
2,666
Guarantor
Franchisee Guarantee
Rentable SF
2,666
Price/Gross SF
$416.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.89

Investment Highlights

  • KFC/Taco Bell Absolute NNN 10-Year Lease
  • 7.5% Increases Every 5 Years in the Base Term and Options
  • Signalized Intersection at the Entrance to a Hannaford Supermarket Anchored Shopping
  • 6 Minutes from Northwestern Medical Center voted One of Top 100 Hospitals
  • Located Eight Minutes away from the Community College of Vermont with 7,120 Enrolled
  • Only 9 minutes from Ben & Jerrys Plant and Giant Pharmaceutical Company Mylar

Investment Overview

Marcus & Millichap is pleased to present for sale this KFC / Taco
Bell Fast Food Restaurant located in Saint Albans City, Vermont. At
closing, the tenant will sign a 10-Year Absolute NNN Lease with 7.5
percent increases in rent every five years. This property is located
nine minutes from a thriving Industrial Park which includes Ben
& Jerrys (Ice Cream Plant employs 200 people, runs 24 hours a
day, seven days a week and produces 528,000 pints of ice cream
per day), Mylan (Giant Pharmaceutical Company with 390,000 sf
plant and 600 employees) NECR and Barry Callebarr. Retailers in
the immediate area include Hannaford Supermarkets, T.J. Maxx,
Olympia Sports and Highgate Commons Shopping Center.
St. Albans City, Vermont is the county seat of Franklin County with
a population of 6,918. It is surrounded by St. Albans Town, which
is incorporated separately from St. Albans City, with a population
of 5,999 and is located on the shore of the great Lake Champlain.
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 2019.
The chain is a subsidiary of Yum! Brands, a restaurant company
that also owns the Pizza Hut, Taco Bell, and WingStreet chains.
Taco Bell is the worlds leading Mexican-style quick service
restaurant chain, serving almost 3 billion consumers each year
in more than 7,072 restaurants in the United States. It is an
American chain of fast-food restaurants based in Irvine, California.
A subsidiary of YUM! Brands, Inc., serving American-adapted
Mexican food, over 93 percent of Taco Bell restaurants are owned
and operated by independent franchisees.

Exclusively Listed By

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s): 081.0000142

    Vermont

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