101 Baldridge Rd - Fast Food FOR SALE
Salem, IL 62881 |
$2,003,774 USD
310-558-2029
101 Baldridge Rd
Salem, IL 62881
HIGHLIGHTS
- A Subsidiary of Tasty Restaurant Group (TRG), a Premier Franchise Operator Managing Over 400 Restaurants Across Top-Tier Brands
- Operating Under the Globally Recognized KFC Brand, This Location Benefits From TRG's Extensive Experience and Market Presence; With 160 KFC Locations
- The Lease Features 1.5% Annual Rental Increases Throughout the Initial Term, and in the Option Periods, Steadily Increasing NOI
- With Over 150,000 Vehicles Daily Passing the Store, This KFC Benefits From Excellent Visibility and Accessibility
- The Property is Located Near Salem Township Hospital, Kaskaskia College Salem Education Center and Other Key Employers
- This KFC is Surrounded By a Mix of National and Regional Retailers, Including Walmart, Dollar General and McDonald's Etc.
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,783 SF KFC Located at 101 Baldridge Lane in Salem, IL. The Lease Features 1.5% Annual Rental Increases Throughout the Initial Term, and in the Option Periods, Steadily Increasing NOI And Hedging Against Inflation , Providing For a Secured Investment.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
FOR SALE DETAILS
PRICE
$2,003,774 USD
PRICE/SF
$369 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC - Baldridge Ln - Salem, IL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
44
LAND DETAILS
LAND ACRES
0.88 AC
LAND SF
38,333 SF
ZONING
-
APN/PARCEL ID
1109000071
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310-558-2029
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310-558-2029
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