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2990 New Pinery Rd
Portage, WI 53901
KFC: New 20 Year Absolute NNN Lse · Retail Property For Sale
PROPERTY FACTS
ABOUT 2990 NEW PINERY RD , PORTAGE, WI 53901
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 720+ locations in 23 states and will generate sales in excess of $800 million in 2019. This asset has been successfully open and operating since 1993 with an attractive 8.07% rent to sales ratio and was remodeled in 2017 to KFC’s newest “American Showman” prototype - showing the tenant’s commitment to the location. KFC is located in Portage, Wisconsin on a pad site to Walmart Super Center on a signalized hard corner with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter; nearby retailers include ALDI, Festival Foods, Tractor Supply, Dollar Tree, Goodwill, Habitat for Humanity ReStore, AutoZone, Carquest Auto Parts, Walgreens, U.S. Cellular, Anytime Fitness, etc. The subject location is less than 1 mile from Madison Area Technical College (enrollment of 1,865) , less than 1 mile from Divine Savior Hospital (126 beds), and in a 7-mile vicinity of 6 public schools with a total enrollment of over 2,080 students. *In Association with Wisconsin Local Broker: Renee Wurzelbacher, Bang Realty-Wisconsin, Inc. #58296-90
PROPERTY TAXES
| Parcel Number | 11271-3095.2 | Improvements Assessment | $1,043,100 |
| Land Assessment | $115,000 | Total Assessment | $1,158,100 |
PROPERTY TAXES
