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KFC 1304 Avenue Of Mid America 4,168 SF Retail Building Effingham, IL 62401 $1,780,617 ($427.21/SF) 6% Cap Rate
Investment Highlights
- Lease Extended Through August 2035 | Tenant recently exercised its first 5-year renewal option.
- Strategic I-57 & I-70 Location | Positioned at one of the Midwest’s most traveled transportation crossroads.
- Passive Net Lease Investment | Stable cash flow with minimal landlord responsibilities.
- Occupied by KFC | Globally recognized quick-service restaurant brand with decades of consumer loyalty.
- Recently Renovated in 2020 | Comprehensive remodel demonstrates long-term tenant commitment.
- Property is also part of a 2-Property Portfolio | Properties can be purchased as a portfolio or individually. KFC 2301 Wards Road, Lynchburg, VA
Executive Summary
Newly listed KFC net lease investment in Effingham, IL. Lease extended through 2035, occupied by a nationally recognized QSR brand, recently remodeled in 2020, and strategically positioned at the crossroads of I-57 & I-70. Passive income opportunity.
** This property is also part of a 2-Property Portfolio**
Properties can be purchased as a portfolio or individually.
2301 Wards Road, Lynchburg, VA 24502
https://www.cbredealflow.com/buyer/agreement?pv=sfEcWNpvYzQkjGxsKM5XfsxYiNPFAOfbixmGik5XEjcSOzWbF3pj9_XOrHubQh-T
** This property is also part of a 2-Property Portfolio**
Properties can be purchased as a portfolio or individually.
2301 Wards Road, Lynchburg, VA 24502
https://www.cbredealflow.com/buyer/agreement?pv=sfEcWNpvYzQkjGxsKM5XfsxYiNPFAOfbixmGik5XEjcSOzWbF3pj9_XOrHubQh-T
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,168 SF
Building Class
B
Year Built
1997
Price
$1,780,617
Price Per SF
$427.21
Cap Rate
6%
NOI
$106,837
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.88 AC
Zoning
Commercial Business - Commercial Business
Parking
49 Spaces (11.76 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0311018083 | Improvements Assessment | $224,820 |
| Land Assessment | $162,210 | Total Assessment | $387,030 |
Property Taxes
Parcel Number
0311018083
Land Assessment
$162,210
Improvements Assessment
$224,820
Total Assessment
$387,030
Contacts
-
James Kaye -
Nick Garavaglia -
Jay Gomez -
Arthur Flores -
Kyle Kaye -
Cindy Guzman -
CBRE, Inc.
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