Restaurant

KFC/Taco Bell NNN Lease

100 Northside Dr, Bennington, VT 05201

Listing Price: $1,301,455

Cap Rate
5.50%
Tenant Name
KFC
Years Remaining On Lease
9.8
Gross SF
3,317
Guarantor
Franchisee Guarantee
Rentable SF
3,317
Price/Gross SF
$392.36
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.58

Investment Overview

Marcus & Millichap is pleased to present for sale this KFC / Taco
Bell Fast Food Restaurant located in Bennington, Vermont. At
closing, the tenant will sign a 10-Year Absolute NNN Lease with
7.5 percent increases in rent every five years. This Fast Food
Restaurant with Drive Thru is located across the street from an
Aldi Grocer and CVS Pharmacy. This property is located nearby
the second largest employer in Bennington, NSK Steering Systems,
which is the Global manufacturer of ball and roller bearings and
linear motion technology. Retailers in the immediate area include
Verizon, Walmart Supercenter, Tractor Supply Company, and
Staples.
Bennington is a city located in Bennington County and one of two
shire towns with the other being Manchester. It has a population of
15,674 and is the third largest town in the state of Vermont.
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 Absolute NNN 10-Year Lease
  • 7.5% Increases Every 5 Years in the Base Term and Options
  • Fast Food Restaurant with Drive Thru located across the street from an Aldi Grocer an
  • Located nearby Southwestern Vermont Medical Center with a Workforce of over 1,300
  • Only minutes from Vermont Technical College and Bennington University
  • 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: $1,301,455

Cap Rate
5.50%
Tenant Name
KFC
Years Remaining On Lease
9.8
Gross SF
3,317
Guarantor
Franchisee Guarantee
Rentable SF
3,317
Price/Gross SF
$392.36
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.58

Investment Highlights

  • KFC Absolute NNN 10-Year Lease
  • 7.5% Increases Every 5 Years in the Base Term and Options
  • Fast Food Restaurant with Drive Thru located across the street from an Aldi Grocer an
  • Located nearby Southwestern Vermont Medical Center with a Workforce of over 1,300
  • Only minutes from Vermont Technical College and Bennington University
  • KFC is considered an Essential Tenant

Investment Overview

Marcus & Millichap is pleased to present for sale this KFC / Taco
Bell Fast Food Restaurant located in Bennington, Vermont. At
closing, the tenant will sign a 10-Year Absolute NNN Lease with
7.5 percent increases in rent every five years. This Fast Food
Restaurant with Drive Thru is located across the street from an
Aldi Grocer and CVS Pharmacy. This property is located nearby
the second largest employer in Bennington, NSK Steering Systems,
which is the Global manufacturer of ball and roller bearings and
linear motion technology. Retailers in the immediate area include
Verizon, Walmart Supercenter, Tractor Supply Company, and
Staples.
Bennington is a city located in Bennington County and one of two
shire towns with the other being Manchester. It has a population of
15,674 and is the third largest town in the state of Vermont.
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

    License(s): 081.0000142

    Vermont

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