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Restaurant

KFC & Long John Silver's NNN Lease

2516 E Lincolnway, Sterling, IL 61081

Listing Price: $901,090

Cap Rate
5.50%
Tenant Name
KFC & Long John Silver's
Years Remaining On Lease
9.0
Gross SF
2,850
Guarantor
Franchisee Guarantee
Rentable SF
2,850
Price/Gross SF
$316.17
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.39

Investment Overview

Marcus & Millichap is pleased to present for sale this KFC / Long
John Silvers Fast Food Restaurant located in Sterling, Illinois. 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 a Drive Thru is situated at a signalized intersection
next to a Walgreens Pharmacy. This property is surrounded by
many major Industrial companies including Froet industrial,
P&P Injections, Micron and Alliance Bearings. Retailers in the
immediate area include ALDI, Kohls, Goodwill and several other
fast food restaurants.
Sterling is a city in Whiteside County, Illinois with a population of
15,370. It is nicknamed Hardware Capital of the World and has
long been associated with the manufacturing and steel industries.
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.
Long John Silvers LLC (also formerly known as Long John Silvers
Seafood Shop and sometimes abbreviated as LJS) is an American
fast food restaurant chain that specializes in seafood. The brands
name is derived from the novel Treasure Island by Robert Louis
Stevenson, in which the pirate Long John Silver is one of the main
characters. Formerly a division of Yum! Brands, Inc., the company
was divested to a group of franchisees in September 2011, and is
now 80 percent franchise owned.

Investment Highlights

  • KFC/Long John Silvers Absolute NNN 10-Year Lease with 7.5% Increases Every 5 Years
  • Fast Food Restaurant with a Drive Thru is situated at a signalized intersection
  • Sterling is the Hardware Capital of the World
  • Located Nearby this property is Sauk Community College with 1,628 Enrolled Students
  • Located nearby KSB Hospital a major Hospital for the surrounding Area
  • KFC is considered an Essential Tenant

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Restaurant

KFC & Long John Silver's NNN Lease

Listing Price: $901,090

Cap Rate
5.50%
Tenant Name
KFC & Long John Silver's
Years Remaining On Lease
9.0
Gross SF
2,850
Guarantor
Franchisee Guarantee
Rentable SF
2,850
Price/Gross SF
$316.17
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.39

Investment Highlights

  • KFC/Long John Silvers Absolute NNN 10-Year Lease with 7.5% Increases Every 5 Years
  • Fast Food Restaurant with a Drive Thru is situated at a signalized intersection
  • Sterling is the Hardware Capital of the World
  • Located Nearby this property is Sauk Community College with 1,628 Enrolled Students
  • Located nearby KSB Hospital a major Hospital for the surrounding Area
  • KFC is considered an Essential Tenant

Investment Overview

Marcus & Millichap is pleased to present for sale this KFC / Long
John Silvers Fast Food Restaurant located in Sterling, Illinois. 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 a Drive Thru is situated at a signalized intersection
next to a Walgreens Pharmacy. This property is surrounded by
many major Industrial companies including Froet industrial,
P&P Injections, Micron and Alliance Bearings. Retailers in the
immediate area include ALDI, Kohls, Goodwill and several other
fast food restaurants.
Sterling is a city in Whiteside County, Illinois with a population of
15,370. It is nicknamed Hardware Capital of the World and has
long been associated with the manufacturing and steel industries.
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.
Long John Silvers LLC (also formerly known as Long John Silvers
Seafood Shop and sometimes abbreviated as LJS) is an American
fast food restaurant chain that specializes in seafood. The brands
name is derived from the novel Treasure Island by Robert Louis
Stevenson, in which the pirate Long John Silver is one of the main
characters. Formerly a division of Yum! Brands, Inc., the company
was divested to a group of franchisees in September 2011, and is
now 80 percent franchise owned.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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