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KFC | 7.5+ Yrs NNN | 800+ Unit Guarantor 895 4th St W 2,376 SF Retail Building Milan, IL 61264 $1,069,000 ($449.92/SF) 7.59% Cap Rate
Investment Highlights
- FQSR, LLC Manages Operations (800+ Units) | Approximately 7.5 Years Remaining | Large National Operator
- Located off Interstate 280 (21,700 VPD) | Positioned to Service Interstate Travelers
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• This property is managed by FQSR, LLC, a division of KBP Foods, a major U.S. Operator with 1,100+ locations, handling brands like Taco Bell, Sonic, KFC, and Arby’s
• The lease has approximately 7.5 years left, with 2 (5-year) options to extend
• The lease has approximately 7.5 years left, with 2 (5-year) options to extend
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,376 SF
Building Class
B
Year Built
1997
Price
$1,069,000
Price Per SF
$449.92
Cap Rate
7.59%
NOI
$81,185
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.34 AC
Zoning
MIL
Parking
22 Spaces (9.26 Spaces per 1,000 SF Leased)
Frontage
100’ on 4th St
Amenities
- Pylon Sign
- Restaurant
- 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 began in 1952 when Colonel Harland Sanders expanded a fried chicken recipe into the first Kentucky Fried Chicken franchise in Utah, building on earlier work in Kentucky. The company now operates as a global chicken restaurant brand and a subsidiary of Yum! Brands, with a menu centred on fried chicken, chicken sandwiches, tenders, bowls, sides and beverages. KFC's business spans restaurant operations, franchising, digital ordering and brand marketing across a wide international network. The company continues to focus on fried chicken as its core offer while adapting menus for local markets and supporting community programmes.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-23-408-001 | Improvements Assessment | $138,419 |
| Land Assessment | $103,992 | Total Assessment | $242,411 |
Property Taxes
Parcel Number
16-23-408-001
Land Assessment
$103,992
Improvements Assessment
$138,419
Total Assessment
$242,411
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