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Restaurant

KFC

1403 W Williams St, Apex, NC 27523

Listing Price: $1,636,363

Cap Rate
5.50%
Tenant Name
Luihn VantEdge Partners, LLC
Years Remaining On Lease
14.8
Gross SF
2,376
Guarantor
Luihn VantEdge Partners, LLC
Rentable SF
2,376
Price/Gross SF
$688.70
Lease Type
Absolute Net
Rent Per Square Feet
$37.88

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KFC located at 1403 West Williams Street, Apex, NC. The site consists of roughly 2,376 rentable square feet of building space on an estimated 1.35-acre parcel of land. This KFC is subject to a 15-year absolute triple-net (NNN) lease, which commenced on April 1, 2021. The rent is $90,000 and is scheduled to increase 10% every 5 years throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Long Term, 15-Year Absolute NNN Lease with Zero Landlord Responsibilities
  • 4 Option Periods of 5 Years Each | Potential for Total Lease Term of 35 Years
  • Strong Hedge Against Inflation | Ten (10%) Percent Rental Increases Every 5 Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Listing Price: $1,636,363

Cap Rate
5.50%
Tenant Name
Luihn VantEdge Partners, LLC
Years Remaining On Lease
14.8
Gross SF
2,376
Guarantor
Luihn VantEdge Partners, LLC
Rentable SF
2,376
Price/Gross SF
$688.70
Lease Type
Absolute Net
Rent Per Square Feet
$37.88

Investment Highlights

  • Long Term, 15-Year Absolute NNN Lease with Zero Landlord Responsibilities
  • 4 Option Periods of 5 Years Each | Potential for Total Lease Term of 35 Years
  • Strong Hedge Against Inflation | Ten (10%) Percent Rental Increases Every 5 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KFC located at 1403 West Williams Street, Apex, NC. The site consists of roughly 2,376 rentable square feet of building space on an estimated 1.35-acre parcel of land. This KFC is subject to a 15-year absolute triple-net (NNN) lease, which commenced on April 1, 2021. The rent is $90,000 and is scheduled to increase 10% every 5 years throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

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