1120 W University Ave - Fast Food FOR SALE


Saint Paul, MN 55104- Lexington-Hamline North
$3,217,000 USD
425-829-9091
1120 W University Ave, Saint Paul, MN for Sale
$3,217,000 USD
Fast Food - FOR SALE
1/6
null | 5.75% Cap Rate

1120 W University Ave
Saint Paul, MN 55104
Lexington-Hamline North


HIGHLIGHTS

  • Brand New 2026 Remodel to Newest KFC Prototype "Open House Design" - 2nd Store in USA
  • New 15 Year Absolute NNN Lease Commences at the Close of Escrow
  • 145+ Store Franchisee Lease Guarantee - KFC Preferred Growth Partner

OVERVIEW

The subject property is located at 1120 University Avenue West in St. Paul MN. This new KFC is a 4,990 (including basement) square foot freestanding drive-thru building on a 0.91 acre parcel. This investment is a 15 year absolute triple net lease starting at the close of escrow operated/guaranteed by an experienced 145+ Store KFC Growth Approved Franchisee. There are 8% increases every 5 years in primary term and continues in the (4) 5-year options to renew beyond primary lease term. KFC is rolling out a brand overhaul that includes an expanded menu and modernized branding and restaurant designs.“ The brand is set to open a new generation of spaces designed for hospitality, not just efficiency, with environments that feel more dynamic and adapt throughout the day to meet different occasions,” the fried chicken chain announced in a recent news release detailing the revamp. “The first expressions of these newly designed spaces include an open-concept design in McKinney, Texas, reinterpreting the brand’s heritage with modern energy, expected to open late summer.” The prototype eatery will be called Open House, KFC President Catherine Tan-Gillespie told Restaurant Business.

FOR SALE DETAILS

PRICE

$3,217,000 USD

PRICE/SF

$1,300 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

T4

APN/PARCEL ID

34-29-23-41-0001

ASK ABOUT THIS PROPERTY

Aaron HinesMarcus & MillichapMore Info
425-829-9091

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Aaron HinesMarcus & MillichapMore Info
425-829-9091

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