KFC / Taco Bell 1195 E Vienna St 2,518 SF 100% Leased Retail Building Anna, IL 62906 $1,200,000 ($476.57/SF) 6.25% Cap Rate

Northmarq is pleased to offer for sale this absolute NNN KFC / Taco Bell property in Anna, Illinois. The property consists of a ±2,518-square-foot freestanding restaurant with drive-thru, situated on a parcel of roughly .37 acres (estimated). The ownership is fee simple (ie; land and building) and is subject to a new 20-year lease term with 19.9 years remaining and four five-year renewal options. The lease features 10% rent increases every five years including in the options. Current annual rent is just $75,000.
The Property sits directly in front of Kroger, along E. Vienna Street, the primary commercial artery serving Anna and the broader Union County trade area, with 14,491 vehicles per day. In addition to Kroger, neighboring retail includes Walmart, Walgreens, Dollar Tree, O'Reilly, Burger King, Pizza Hut, McDonald's, and Sonic.
The lease is guaranteed by Tasty Chick'n LLC, one of the five largest KFC franchisees in the United States with approximately 147 locations across ten states. Tasty Chick'n is a subsidiary of Tasty Restaurant Group, a top-35 QSR operator by revenue, with roughly 450 units spanning KFC, Taco Bell, Pizza Hut, Burger King, Dunkin', and Baskin-Robbins.