KFC 1120 N Douglass Street, Malden, MO Cap Rate 5.9% Spoonerville (Malden, Missouri, US ) Built

$1,226,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 1,909 sq. ft.
  • Development Level: Built
  • Year Built: 1970

Description

KFC 1120 N Douglass Street, Malden, MO Cap Rate 5.9%

Cap Rate: 5.9%
NOI: $72,356
Building Size: 1,909 sqft
Occupancy: 100%
Year Built: 1970

Price: $1,226,000 USD

DESCRIPTION
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, personal guaranteed, drive-thru equipped, Kentucky Fried Chicken, investment property located in Memphis, TN. The tenant, FB Foods, LLC (6-unit entity), will execute a brand new 20-year sale leaseback at the close of escrow with 4 (5-year) option periods to extend. The lease will feature 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is franchisee guaranteed for the entire lease term, and is personally guaranteed by the operator for 5 years. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for an out-of-state investor.

Kentucky Fried Chicken is strategically located on North Douglass Street, the primary thoroughfare for the city of Malden. The asset has excellent visibility due to its large pylon sign. The building is equipped with a drive-thru lane, providing ease and convenience for consumers. On average, stores with drive-thrus experience higher sales than those without. The site is an outparcel to Northtown Plaza (102,000 SF), a Dollar Tree and Hibbett Sport anchored shopping center, promoting crossover traffic. The asset is ideally located within the primary retail corridor serving the city of Malden, with nearby national/credit tenants including Walmart Supercenter, AutoZone, O’Reilly Auto Parts, Dollar General, and more. The 7-mile trade area is supported by a population of more than 9,000 residents with an average household income of $46,936.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.