Restaurant

KFC 15 Year NNN Lease

1725 John F Kennedy Rd, Dubuque, IA 52002

Listing Price: $1,576,699

Cap Rate
5.15%
Tenant Name
KFC
Years Remaining On Lease
14.8
Gross SF
2,894
Guarantor
Franchisee Guarantee
Rentable SF
2,894
Price/Gross SF
$544.82
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.06

Investment Overview

Marcus & Millichap is pleased to present for sale this KFC
Fast Food Restaurant located in Dubuque, Iowa. At closing, the
tenant will sign a 15-Year Absolute NNN Lease with 7.5 percent
increases in rent every five years. Midwest Medical Center is
located about 20 minutes from this property and serves the
tri-state area. This property is located in the popular Midwest
tourist city of Dubuque and is fout minutes from The National
Mississippi River Museum and Aquarium which hosts over
175,000 visitors per year. Also nearby is Dubuque Arboretum
and Botanical gardens with 56-Acres and 13,000 plants and
sees thousands of visitors each year. Another popular tourist
site near this property is Mathias Han House, a 19th Century
Mansion with over 11,000 visitors each year. Retailers in the
immediate area include Verizon, Walmart Super Center and
Cricket Wireless.
Dubuque is an Iowa City on the Mississippi River and lies at
the junction of Iowa, Illinois and Wisconsin. The population
exceeds 57,882.
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
  • Fast Food Restaurant with Drive Thru Component Situated in between schools
  • Nearby Loras College with Student Enrollment of 1,528 Students
  • Dubuque is the Main Commercial, Educational, Industrial and Center for this MS Area
  • Dubuque is ranked as the 22nd Fastest Growing Economy in the United States.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): IA: B63379000

    Iowa

Listing Price: $1,576,699

Cap Rate
5.15%
Tenant Name
KFC
Years Remaining On Lease
14.8
Gross SF
2,894
Guarantor
Franchisee Guarantee
Rentable SF
2,894
Price/Gross SF
$544.82
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.06

Investment Highlights

  • KFC Absolute NNN 15-Year Lease
  • 7.5% Increases Every 5 Years in the Base Term and Options
  • Fast Food Restaurant with Drive Thru Component Situated in between schools
  • Nearby Loras College with Student Enrollment of 1,528 Students
  • Dubuque is the Main Commercial, Educational, Industrial and Center for this MS Area
  • Dubuque is ranked as the 22nd Fastest Growing Economy in the United States.

Investment Overview

Marcus & Millichap is pleased to present for sale this KFC
Fast Food Restaurant located in Dubuque, Iowa. At closing, the
tenant will sign a 15-Year Absolute NNN Lease with 7.5 percent
increases in rent every five years. Midwest Medical Center is
located about 20 minutes from this property and serves the
tri-state area. This property is located in the popular Midwest
tourist city of Dubuque and is fout minutes from The National
Mississippi River Museum and Aquarium which hosts over
175,000 visitors per year. Also nearby is Dubuque Arboretum
and Botanical gardens with 56-Acres and 13,000 plants and
sees thousands of visitors each year. Another popular tourist
site near this property is Mathias Han House, a 19th Century
Mansion with over 11,000 visitors each year. Retailers in the
immediate area include Verizon, Walmart Super Center and
Cricket Wireless.
Dubuque is an Iowa City on the Mississippi River and lies at
the junction of Iowa, Illinois and Wisconsin. The population
exceeds 57,882.
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.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): IA: B63379000

    Iowa

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