Restaurant

KFC

Listing Price: $1,406,720

Cap Rate
6.00%
Tenant Name
Franchise Management Investors US, LLC
Years Remaining On Lease
16.20
Gross SF
2,870
Rentable SF
2,870
Price/Gross SF
$490.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.41

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KFC located at 2515 Park Avenue in Muscatine, Iowa. The site consists of roughly 2,870 rentable square feet of building space on estimated 0.73-acre parcel of land. This Arbys is subject to a 20-year absolute triple-net (NNN) lease, which commenced November 15th, 2016. The current annual rent is $84,403 and is scheduled to increase 1.50% annually. The Tenant has two (2), ten (10)-year renewal options.

Investment Highlights

  • Long Term, 20-Year Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilit
  • Two (2) Option Periods of Ten (10) Years Each | Potential for Total Lease Term of 4
  • Strong Hedge Against Inflation | One and One-Half Percent (1.50%) Rental Increases An

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

Listing Price: $1,406,720

Cap Rate
6.00%
Tenant Name
Franchise Management Investors US, LLC
Years Remaining On Lease
16.20
Gross SF
2,870
Rentable SF
2,870
Price/Gross SF
$490.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.41

Investment Highlights

  • Long Term, 20-Year Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilit
  • Two (2) Option Periods of Ten (10) Years Each | Potential for Total Lease Term of 4
  • Strong Hedge Against Inflation | One and One-Half Percent (1.50%) Rental Increases An

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KFC located at 2515 Park Avenue in Muscatine, Iowa. The site consists of roughly 2,870 rentable square feet of building space on estimated 0.73-acre parcel of land. This Arbys is subject to a 20-year absolute triple-net (NNN) lease, which commenced November 15th, 2016. The current annual rent is $84,403 and is scheduled to increase 1.50% annually. The Tenant has two (2), ten (10)-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

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