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KFC 1251 Banning St 6,048 SF 100% Leased Retail Building Marshfield, MO 65706 $1,732,570 ($286.47/SF) 6% Cap Rate
Investment Highlights
- High-Visibility Location Near Interstate 44 | Strong Regional Trade Area
- Strong Franchisee Operator | Backed by Mitra QSR
- Established Retail Corridor with Continued Local Development
- Absolute NNN Lease | Zero Landlord Responsibilities
- Global QSR Brand Strength | KFC as a Resilient Tenant
Executive Summary
Marcus & Millichap is pleased to offer a freestanding KFC with drive-thru located just off Interstate 44, the primary east–west transportation corridor through Southwest Missouri. Positioned along Banning Street within Marshfield’s dominant retail node, the property benefits from strong visibility, steady commuter flow, and consistent demand from both local residents and interstate travelers. The surrounding trade area includes national retailers such as Walmart Supercenter, Dollar General, O’Reilly Auto Parts, ACE Hardware, Sonic, Taco Bell, and Walgreens, reinforcing the corridor as a key commercial destination within the Springfield MSA.
The asset is secured by an absolute NNN lease with ±11.5 years of firm term remaining, offering fully passive, management-free income with zero landlord responsibilities. The lease includes 1% annual rent increases, providing predictable year-over-year income growth. The tenant, Mitra Midwest, LLC, is part of the Mitra QSR platform—one of the largest and most established KFC franchise operators in the country, with more than 170 locations across multiple states. The guarantor, Mitra QSR KNE, LLC, further strengthens the credit profile with scale, operational experience, and long-term brand commitment.
Located within the Springfield MSA, a stable and growing regional hub supported by healthcare, education, manufacturing, logistics, and retail, the property benefits from strong economic fundamentals and a reliable consumer base. Ongoing civic, residential, and community development—including the Marshfield City Hall remodel, Police Department upgrades, new housing communities, and educational facility expansions—continue to support long-term demand and population stability.
This offering presents a compelling opportunity to acquire a passive, long-term absolute NNN asset backed by a top-tier franchisee and a globally recognized QSR brand in a high-visibility, high-traffic location.
The asset is secured by an absolute NNN lease with ±11.5 years of firm term remaining, offering fully passive, management-free income with zero landlord responsibilities. The lease includes 1% annual rent increases, providing predictable year-over-year income growth. The tenant, Mitra Midwest, LLC, is part of the Mitra QSR platform—one of the largest and most established KFC franchise operators in the country, with more than 170 locations across multiple states. The guarantor, Mitra QSR KNE, LLC, further strengthens the credit profile with scale, operational experience, and long-term brand commitment.
Located within the Springfield MSA, a stable and growing regional hub supported by healthcare, education, manufacturing, logistics, and retail, the property benefits from strong economic fundamentals and a reliable consumer base. Ongoing civic, residential, and community development—including the Marshfield City Hall remodel, Police Department upgrades, new housing communities, and educational facility expansions—continue to support long-term demand and population stability.
This offering presents a compelling opportunity to acquire a passive, long-term absolute NNN asset backed by a top-tier franchisee and a globally recognized QSR brand in a high-visibility, high-traffic location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
6,048 SF
Building Class
B
Year Built
2002
Price
$1,732,570
Price Per SF
$286.47
Cap Rate
6%
NOI
$103,954
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.80 AC
Zoning
B-3
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-2.0-04-003-002-002.100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $132,290 |
Property Taxes
Parcel Number
11-2.0-04-003-002-002.100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$132,290
Contacts
-
Robert Narchi -
Jeni Tran -
Tyler Bindi -
Jason Fefer -
Dave Saverin -
Marcus & Millichap
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KFC | 1251 Banning St
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