Restaurant

KFC Billings MT

2223 Central Ave, Billings, MT 59102

Listing Price: $1,461,000

Cap Rate
5.75%
Tenant Name
Billings Restaurants
Years Remaining On Lease
13.9
Gross SF
3,168
Guarantor
Franchisee Guarantee
Rentable SF
3,168
Price/Gross SF
$461.17
Lease Type
Absolute Net
Rent Per Square Feet
$26.52

Investment Overview

The subject property is located at 2223 Central Avenue in Billings MT. This KFC is a 3,168 square foot freestanding drive-thru building on a 0.46 acre parcel. This investment is a 15 year absolute triple net lease with an experienced KFC Growth Approved Franchisee with 8% increases every 5 years and (4) 5-year options to renew beyond primary lease term.

Investment Highlights

  • 6% Rent vs. Sales Ratio
  • New 2020 Remodel Currently Underway
  • Heavily Trafficked Retail Area
  • Recently Commenced 15 Year Primary Term Absolute NNN Lease with Renewal Options
  • Strong KFC Sales Market

Exclusively Listed By

  • Aaron J. Hines

    First Vice President Investments

    Email Aaron

    License(s): WA: 85665

    Seattle

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    License(s): MT: RRE-BRO-LIC-15748

    Montana

Listing Price: $1,461,000

Cap Rate
5.75%
Tenant Name
Billings Restaurants
Years Remaining On Lease
13.9
Gross SF
3,168
Guarantor
Franchisee Guarantee
Rentable SF
3,168
Price/Gross SF
$461.17
Lease Type
Absolute Net
Rent Per Square Feet
$26.52

Investment Highlights

  • 6% Rent vs. Sales Ratio
  • New 2020 Remodel Currently Underway
  • Heavily Trafficked Retail Area
  • Recently Commenced 15 Year Primary Term Absolute NNN Lease with Renewal Options
  • Strong KFC Sales Market

Investment Overview

The subject property is located at 2223 Central Avenue in Billings MT. This KFC is a 3,168 square foot freestanding drive-thru building on a 0.46 acre parcel. This investment is a 15 year absolute triple net lease with an experienced KFC Growth Approved Franchisee with 8% increases every 5 years and (4) 5-year options to renew beyond primary lease term.

Exclusively Listed By

  • Aaron J. Hines

    First Vice President Investments

    Email Aaron

    License(s): WA: 85665

    Seattle

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    License(s): MT: RRE-BRO-LIC-15748

    Montana

MM Texture Background
MM Textured Background Lower