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KFC | Adjacent to Huge Planned Development 4349 211th St 5,116 SF Retail Building Matteson, IL 60443 $2,642,000 ($516.42/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- KBP Foods Operator (1,100+ Units) | Over 10 Years Remaining | Strong Guarantor
- In Proximity to Strong Retail Corridor | High Traffic Area (34,000 VPD)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The subject property is operated by KBP foods one of the largest operators in America with 1,100+ units operating other brands like Taco Bell, Sonic, KFC, and Arby’s.
• Approximately 10 years remaining on the base term with 2 (5-year) option periods to extend the lease
• The lease is backed by FQSR, LLC a subsidiary of KBP Foods that has over 840 units in this entity
• Approximately 10 years remaining on the base term with 2 (5-year) option periods to extend the lease
• The lease is backed by FQSR, LLC a subsidiary of KBP Foods that has over 840 units in this entity
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,116 SF
Building Class
C
Year Built
1971
Price
$2,642,000
Price Per SF
$516.42
Cap Rate
6.40%
NOI
$169,088
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.80 AC
Zoning
C-4 - [Commercial] Highway Commercial
Parking
35 Spaces (6.84 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 31-22-400-002-0000 | Improvements Assessment | $203,721 |
| Land Assessment | $26,190 | Total Assessment | $229,911 |
PROPERTY TAXES
Parcel Number
31-22-400-002-0000
Land Assessment
$26,190
Improvements Assessment
$203,721
Total Assessment
$229,911
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KFC | Adjacent to Huge Planned Development | 4349 211th St
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