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Restaurant

KFC

190 US-46, Rockaway, NJ 07866

Listing Price: $1,875,691

Cap Rate
4.85%
Tenant Name
FQSR, LLC
Years Remaining On Lease
12.0
Guarantor
Franchisee Guarantee
Rentable SF
2,214
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.09

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for the KFC located at 190 US-46, Rockaway, NJ. The property consists of 2,214 square feet of building space and is situated on approximately 0.65 acres of land. The property is subject to a 20-year triple-net (NNN) lease with 12 years remaining. The annual rent is currently $90,971 and will be subject to 8 percent rental increases every five years. The rental increases will continue through the two, five-year tenant renewal options. The tenant on the lease is FQSR, LLC which does business as KBP Foods, a 720-unit operator with operations in 25 states.

Investment Highlights

  • Long Term, 20-Year Absolute Triple-Net (NNN) Lease with 12-Years Remaining
  • There are Two Option Periods of Five Years Each | Potential for Total Remaining Lease Term of 22 Years
  • Attractive Rental Increases | 8 Percent Every Five Years

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s) NJ: 1434917

    New Jersey

Financing By

Listing Price: $1,875,691

Cap Rate
4.85%
Tenant Name
FQSR, LLC
Years Remaining On Lease
12.0
Guarantor
Franchisee Guarantee
Rentable SF
2,214
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.09

Investment Highlights

  • Long Term, 20-Year Absolute Triple-Net (NNN) Lease with 12-Years Remaining
  • There are Two Option Periods of Five Years Each | Potential for Total Remaining Lease Term of 22 Years
  • Attractive Rental Increases | 8 Percent Every Five Years

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for the KFC located at 190 US-46, Rockaway, NJ. The property consists of 2,214 square feet of building space and is situated on approximately 0.65 acres of land. The property is subject to a 20-year triple-net (NNN) lease with 12 years remaining. The annual rent is currently $90,971 and will be subject to 8 percent rental increases every five years. The rental increases will continue through the two, five-year tenant renewal options. The tenant on the lease is FQSR, LLC which does business as KBP Foods, a 720-unit operator with operations in 25 states.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

Financing By

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