Log In/Sign Up
Your email has been sent.
KFC 514 S Commercial St 7,101 SF Retail Building Harrisburg, IL 62946 $2,905,366 ($409.15/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Flagship KFC Prototype | High profile KFC which is among the top-performing stores in the nation and showcases the brand’s latest prototype design and
- Recent and Upcoming Remodels | The property underwent a significant remodel in 2018, with another renovation scheduled for 2028, further demonstrating
- Signalized Hard Corner | Prominent location at Commercial Street and Sloan Street with combined traffic counts exceeding 22,000 vehicles per day
- Brand New Lease | The tenant recently signed a brand new 20-year lease in October 2024 showing incredible commitment to the location and market
- Absolute NNN Lease from Top Operator | Tasty Restaurant Group operates over 470 restaurants in 22 states
- Strategic Location | Adjacent to a Walmart Supercenter with over 2 million annual visitors
EXECUTIVE SUMMARY
CBRE is pleased to present KFC for sale located at 514 S Commercial St in Harrisburg, IL. This “Flagship” KFC property includes a 7,101 SF building on a 1.39 ACRE parcel and benefits from being situated on the signalized hard corner of Commercial Street and Sloan Street which sees over 22,000 vehicles per day. The tenant has shown incredible commitment to the location and market by signing a brand new 20-year lease in October 2024. This is an elite performing KFC and among the top 5% locations nationwide. The property underwent a significant remodel in 2018, with another renovation scheduled for 2028, further demonstrating the tenant’s dedication to the site.
The Lease is backed by Tasty Restaurant Group (TRG), which operates 470+ restaurants across 22 states. The Absolute NNN Lease calls for zero landlord responsibilities whatsoever and contains 1.5% rental increases annually with 4-Five Year Options, providing a strong hedge against inflation. The asset is situated in the town’s main retail corridor and adjacent to a Walmart Supercenter that sees over 2 million annual visitors.
The Lease is backed by Tasty Restaurant Group (TRG), which operates 470+ restaurants across 22 states. The Absolute NNN Lease calls for zero landlord responsibilities whatsoever and contains 1.5% rental increases annually with 4-Five Year Options, providing a strong hedge against inflation. The asset is situated in the town’s main retail corridor and adjacent to a Walmart Supercenter that sees over 2 million annual visitors.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
7,101 SF
Building Class
B
Year Built
2000
Price
$2,905,366
Price Per SF
$409.15
Cap Rate
6.15%
NOI
$178,680
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.39 AC
Opportunity Zone
Yes
Zoning
C
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
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 END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-1-092-11 | Improvements Assessment | $604,916 |
| Land Assessment | $25,055 | Total Assessment | $629,971 |
PROPERTY TAXES
Parcel Number
06-1-092-11
Land Assessment
$25,055
Improvements Assessment
$604,916
Total Assessment
$629,971
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
KFC | 514 S Commercial St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.