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451 W North Street - KFC, Kendallville, IN

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DetailMap
451 W North Street - KFC

Kendallville, IN 46755


Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1988
Building Size:2,640 SF Land Area:1.41 AC (61,420 SF)
For Sale Price:$1,560,000 Price/SF:$590.91
Cap Rate:4.50 %


Description
The subject offering is a KFC restaurant in Kendallville, Indiana. The property is subject to a 20 year NNN lease with three 5 year options to renew and increases every 5 years. The lease calls for zero landlord obligations. The asset is surrounded by major national retailers including NAPA Auto Parts, Kroger, and Dollar General.

Kendallville is a city in Wayne Township, Noble County, Indiana. Kendallville has exceptional parks and outdoor recreational facilities, great schools, both public and private, numerous service clubs, a variety of churches, as well as Parkview Noble Hospital. The town has many specialty shops, restaurants and a historic movie theater. Kendallville is also the home of the Mid-America Windmill Museum and Northern Indiana Blue Grass and Apple Festivals.

Sale Notes:
The subject offering is a KFC restaurant in Kendallville, Indiana. The property is subject to a new 20 year NNN lease with three 5 year options to renew and increases at each option. The lease calls for zero landlord obligations. The asset is surrounded by major national retailers including NAPA Auto Parts, Kroger, and Dollar General.

HK Property Group
Harry Kennerk
(317) 559-2800

  
SVN The Kase Group
Jacob Abusharkh
(925) 231-1770




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