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KFC - Baldridge Ln - Salem, IL 101 Baldridge Rd 5,075 SF Retail Building Salem, IL 62881 $1,807,852 ($356.23/SF) 6.75% Cap Rate
Investment Highlights
- A premier franchise operator managing over 400 restaurants across top-tier brands, including KFC, Pizza Hut, Burger King, Dunkin', and Taco Bell.
- With over 15,000 vehicles daily passing the store, this KFC benefits from excellent visibility and accessibility, positioned near I-57.
- The Salem area boasts a population of over 14,000 residents within a 5-mile radius, with an average household income exceeding $87,000.
- The lease features 1.5% annual rental increases throughout the initial term, and in the option periods, steadily increasing NOI.
- This KFC is surrounded by a mix of national and regional retailers, including Walmart, Dollar General, and McDonald's.
- The property is located near Salem Township Hospital, Kaskaskia College, Salem Education Center, and other key employers.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 5,075 SF KFC located at 101 Baldridge Lane in Salem, IL. The lease features 1.5% annual rental increases throughout the initial term and option periods, steadily increasing NOI and hedging against inflation, providing a secure investment.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,075 SF
Building Class
B
Year Built
2000
Price
$1,807,852
Price Per SF
$356.23
Cap Rate
6.75%
NOI
$122,029
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.11 AC
Zoning
CG - General Commercial
Parking
44 Spaces (8.67 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- KFC
- Accommodation and Food Services
- 5,075 SF
- $24.05
- May 2044
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| KFC | Accommodation and Food Services | 5,075 SF | $24.05 | May 2044 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 1109000071 | Improvements Assessment | $310,740 |
| Land Assessment | $68,980 | Total Assessment | $379,720 |
Property Taxes
Parcel Number
1109000071
Land Assessment
$68,980
Improvements Assessment
$310,740
Total Assessment
$379,720
Contacts
-
Tyler McGarry -
Adam Scherr -
Chase Martino -
Sands Investment Group Santa Monica, LLC
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KFC - Baldridge Ln - Salem, IL | 101 Baldridge Rd
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