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KFC 6104 University Ave 2,520 SF Retail Building Cedar Falls, IA 50613 $1,225,000 ($486.11/SF) 7.38% Cap Rate

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INVESTMENT HIGHLIGHTS

  • ±11 Years Remaining on an Absolute NNN Lease – There are approximately ±11 years remaining on an initial 20 year lease.
  • FMI Group Operator – Franchise Management Investors US, LLC operates ±55 KFC Units, proving their established operations.
  • 5-Mile Population Exceeds ±78,236 – The 5-mile population as of 2025 is ±78,236
  • Recent Remodels – Both the exterior and interior were remodeled in 2016 and 2022, providing a refreshed look to each.
  • Strong Traffic Counts – Location benefits from strong traffic volumes along University Ave, seeing over 24,248+ vehicles per day.
  • Proximity to The University of Northern Iowa – Location benefits from immediate proximity (2.5 Miles) to the University of Northern Iowa

EXECUTIVE SUMMARY

Broker of Record
Adam Marek
License # F03991000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,520 SF
Building Class
C
Year Built
2004
Price
$1,225,000
Price Per SF
$486.11
Cap Rate
7.38%
NOI
$90,405
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.13 AC
Zoning
C
Parking
25 Spaces (9.92 Spaces per 1,000 SF Leased)
Frontage
126’ on University Avenue

AMENITIES

  • Drive Thru
Walk Score®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Applebee's
Pancheros Mexican Grill
Bonanza Steakhouse
Buffalo Wild Wings
Five Guys
Famous Dave's
Planet Fitness
HOTWORX
Starbucks
Natural Grocers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8913-18-379-033
Land Assessment
$488,800
Improvements Assessment
$763,160
Total Assessment
$1,251,960
  • Listing ID: 38256236

  • Date on Market: 10/29/2025

  • Last Updated:

  • Address: 6104 University Ave, Cedar Falls, IA 50613

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