1303 S State St - Fast Food FOR SALE


Jerseyville, IL 62052
$1,855,000 USD
918-794-9536
1303 S State St, Jerseyville, IL for Sale
$1,855,000 USD
Fast Food - FOR SALE
1/4
null | 6.2% Cap Rate

1303 S State St
Jerseyville, IL 62052


HIGHLIGHTS

  • St. Louis MSA
  • Walmart Outparcel Location
  • 18+ Years Lease Term Remaining
  • Absolute NNN with No LL Responsibility
  • Desirable Rent Increases
  • Brand New Construction

OVERVIEW

Available Individually or as a Portfolio - See Flyer for Details Northmarq is pleased to announce the exclusive offering of the fee simple interest in a KFC restaurant located in Jerseyville, IL (the “Property”). The Property consists of a 0.81 acre-parcel of land containing a newly constructed, approximately 1,901 square foot American Showman Prototype quick service restaurant. The Tenant, AMPEX Brands of St. Louis 3, Inc., is operating under a 20-year absolute net lease structure with contractual cash flow through January 2043. Additionally, the lease features frequent rental increases during the base term, as well as at the start of each of the three (3), five (5) year renewal option periods. The lease is guaranteed by the franchisee who operates 24 locations in Missouri and Illinois. The Property is situated in a prime location in the heart of Jerseyville and directly across from a Walmart Supercenter, drawing an abundance of traffic to the immediate area. Other neighboring businesses include popular brands such as AT&T, AutoZone, Taco Bell, Dollar Tree, Great Clips, US Cellular, Burger King, and Arby's. The Subject Property is located directly across the street from the only Walmart Supercenter in town. Additionally, the nearest KFC is approximately 18 miles away and provides a competitive advantage against other KFC operators. KFC is a world-renowned fast food restaurant brand with a 75-year history of serving up delicious, “finger-lickin’-good” fried chicken. As the second-largest restaurant chain in the world, KFC boasts over 27,000 locations in 145 countries and employs 800,000 team members. KFC is a subsidiary of Yum! Brands, Inc., which also operates popular restaurant brands such as Pizza Hut, Taco Bell, and The Habit Burger Grill. In association with: Isaiah Harf, IL Lic #471019332

FOR SALE DETAILS

PRICE

$1,855,000 USD

PRICE/SF

$976 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,524 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mark GrossmanNorthmarqMore Info
918-794-9536

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Mark GrossmanNorthmarqMore Info
918-794-9536

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.