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- LoopNet Team
198 Highway 47
Troy, MO 63379
KFC: Brand New 20 Year Absolute NNN Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with Attractive 7% Rental Escalations Every 5 Years
- High Volume Location that has been Successfully Open & Operating for Decades with an Attractive 8.03% Rent to Sales Ratio!
- Pad Site to an Orscheln Farm & Home and Fresenius Anchored Shopping Center, Just Off the Signalized Hard Corner where Traffic Counts Exceed 29,930 CPD
- KBP Foods (the largest KFC franchisee in the U.S.) Operates 760 Locations in 25 States and will Generate Sales in Excess of $825 Million in 2020
- Slated for Remodel by YE 2022 – Showing Tenant’s Commitment to this Location!
- 2019 DEMOGRAPHICS (5-MI): Total Population: 25,834 | Average Household Income: $70,967 | Population Growth 2010-2019 (1-MI): 19.95%
PROPERTY FACTS
AMENITIES
- Drive Thru
ABOUT 198 HIGHWAY 47 , TROY, MO 63379
KFC has a brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years, and two 5-year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US operating 760 locations in 25 states and will generate sales in excess of $825 million in 2020. This asset is a high-volume location that has been successfully open and operating for decades with an attractive 8.03% rent-to-sales ratio and is slated for remodel by yearend 2022- showing the tenant’s commitment to the location. KFC is located in Troy, Missouri on a pad site to Orscheln Farm & Home and Fresenius Acnchored Shopping center with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, Kroger, ALDI, Dollar Tree, Tractor Supply Co., Hibbett Sports, CATO, AutoZone, O’Reilly Auto Parts, NAPA Auto Parts, Walgreens, Verizon, Cricket Wireless, Boost Mobile, Sprint, Sally Beauty, etc. The city of Troy has 6 public schools within a 2.5 mile vicinity with a total enrollment of over 4,480 and this asset is less than 1 mile from Mercy Hospital Lincoln (25 beds). *In Association with Missouri Local Broker: Bryan King, King Realty Advisors #2008036027
PROPERTY TAXES
| Parcel Number | 157025002003002000 | Improvements Assessment | $65,219 |
| Land Assessment | $57,501 | Total Assessment | $122,720 |
PROPERTY TAXES
