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62 College Road, Fairbanks, AK

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DetailMap
62 College Road

Fairbanks, AK 99701-1706


Property Type:Retail Sub Type:- Status:Existing Year Built:-
Building Size:3,313 SF Land Area:.67 AC (29,185 SF)
For Sale Price:$1,428,000 Price/SF:$431.03
Cap Rate:6.75 %



Sale Notes:
SRS National Net Lease Group is pleased to present the rare opportunity to acquire a
freestanding, absolute NNN leased, single tenant KFC with drive-thru, investment property
located in Fairbanks, Alaska. The tenant, will execute a new 20 year sale leaseback at
the close of escrow with 8% rental increases every 5 years in the initial term and at the
beginning of each 2 (5-year) option period. The lease will be franchisee guaranteed and
absolute NNN with zero landlord responsibilities.
The subject site is located at the signalized, hard corner intersection of Illinois Street and
College Road with a combined 33,000 vehicles passing per day. The asset is also near the
direct on/off ramp for Johansen Expressway, a primary thoroughfare traveling through the
city of Fairbanks. In addition, the subject property is near a Walmart Supercenter, Sam' s
Club, The Home Depot, Fred Meyer, Lowe' s, Michaels, Sportsman Warehouse and more.
The dense retail corridor is ideal for KFC which benefits from the increased consumer
traffic and crossover shopping. The 5-mile trade area is supported by a dense population
of approximately 52,000 with an affluent average household income of $82,000.

SRS National Net Lease Group
Patrick R Luther
(949) 698-1115

Matthew Mousavi
(949) 698-1116

Dale Robbins
(949) 698-1100




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