1195 E Vienna St - Fast Food FOR SALE


Anna, IL 62906
$1,200,000 USD
415-610-5230
1195 E Vienna St, Anna, IL for Sale
$1,200,000 USD
Fast Food - FOR SALE
1/6
null | 6.25% Cap Rate

1195 E Vienna St
Anna, IL 62906


HIGHLIGHTS

  • Kroger Outparcel
  • Top 5 Operator in the KFC System
  • New 20 Year Lease Term with 19.9 Yrs Remaining | Absolute NNN
  • Fee Simple Interest (land and building)
  • $75k/ yr Rents
  • 1 of 5 Available KFC / Taco Bell Deals Available Individually or as a Portfolio (see flyer / OM)

OVERVIEW

Northmarq is pleased to offer for sale this absolute NNN KFC / Taco Bell property in Anna, Illinois. The property consists of a ±2,518-square-foot freestanding restaurant with drive-thru, situated on a parcel of roughly .37 acres (estimated). The ownership is fee simple (ie; land and building) and is subject to a new 20-year lease term with 19.9 years remaining and four five-year renewal options. The lease features 10% rent increases every five years including in the options. Current annual rent is just $75,000. The Property sits directly in front of Kroger, along E. Vienna Street, the primary commercial artery serving Anna and the broader Union County trade area, with 14,491 vehicles per day. In addition to Kroger, neighboring retail includes Walmart, Walgreens, Dollar Tree, O'Reilly, Burger King, Pizza Hut, McDonald's, and Sonic. The lease is guaranteed by Tasty Chick'n LLC, one of the five largest KFC franchisees in the United States with approximately 147 locations across ten states. Tasty Chick'n is a subsidiary of Tasty Restaurant Group, a top-35 QSR operator by revenue, with roughly 450 units spanning KFC, Taco Bell, Pizza Hut, Burger King, Dunkin', and Baskin-Robbins.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$477 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC / Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

B-2

APN/PARCEL ID

14-00-11-842

ASK ABOUT THIS PROPERTY

Chris LomutoNoneMore Info
415-610-5230

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Chris LomutoNoneMore Info
415-610-5230

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