101 Baldridge Rd - Fast Food FOR SALE
Salem, IL 62881 |
$1,807,852 USD
310-558-2029
101 Baldridge Rd
Salem, IL 62881
HIGHLIGHTS
- A premier franchise operator managing over 400 restaurants across top-tier brands, including KFC, Pizza Hut, Burger King, Dunkin', and Taco Bell.
- The lease features 1.5% annual rental increases throughout the initial term, and in the option periods, steadily increasing NOI.
- With over 15,000 vehicles daily passing the store, this KFC benefits from excellent visibility and accessibility, positioned near I-57.
- This KFC is surrounded by a mix of national and regional retailers, including Walmart, Dollar General, and McDonald's.
- The Salem area boasts a population of over 14,000 residents within a 5-mile radius, with an average household income exceeding $87,000.
- The property is located near Salem Township Hospital, Kaskaskia College, Salem Education Center, and other key employers.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 5,075 SF KFC located at 101 Baldridge Lane in Salem, IL. The lease features 1.5% annual rental increases throughout the initial term and option periods, steadily increasing NOI and hedging against inflation, providing a secure investment.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
FOR SALE DETAILS
PRICE
$1,807,852 USD
PRICE/SF
$356 USD /SF
CAP RATE
6.75%
% 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
1.11 AC
LAND SF
48,352 SF
ZONING
CG
APN/PARCEL ID
1109000071
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310-558-2029
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310-558-2029
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