1251 Banning St - Fast Food FOR SALE


Marshfield, MO 65706
$1,732,570 USD
310-486-9900
1251 Banning St, Marshfield, MO for Sale
$1,732,570 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

1251 Banning St
Marshfield, MO 65706


HIGHLIGHTS

  • High-Visibility Location Near Interstate 44 | Strong Regional Trade Area
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Strong Franchisee Operator | Backed by Mitra QSR
  • Global QSR Brand Strength | KFC as a Resilient Tenant
  • Established Retail Corridor with Continued Local Development

OVERVIEW

Marcus & Millichap is pleased to offer a freestanding KFC with drive-thru located just off Interstate 44, the primary east–west transportation corridor through Southwest Missouri. Positioned along Banning Street within Marshfield’s dominant retail node, the property benefits from strong visibility, steady commuter flow, and consistent demand from both local residents and interstate travelers. The surrounding trade area includes national retailers such as Walmart Supercenter, Dollar General, O’Reilly Auto Parts, ACE Hardware, Sonic, Taco Bell, and Walgreens, reinforcing the corridor as a key commercial destination within the Springfield MSA. The asset is secured by an absolute NNN lease with ±11.5 years of firm term remaining, offering fully passive, management-free income with zero landlord responsibilities. The lease includes 1% annual rent increases, providing predictable year-over-year income growth. The tenant, Mitra Midwest, LLC, is part of the Mitra QSR platform—one of the largest and most established KFC franchise operators in the country, with more than 170 locations across multiple states. The guarantor, Mitra QSR KNE, LLC, further strengthens the credit profile with scale, operational experience, and long-term brand commitment. Located within the Springfield MSA, a stable and growing regional hub supported by healthcare, education, manufacturing, logistics, and retail, the property benefits from strong economic fundamentals and a reliable consumer base. Ongoing civic, residential, and community development—including the Marshfield City Hall remodel, Police Department upgrades, new housing communities, and educational facility expansions—continue to support long-term demand and population stability. This offering presents a compelling opportunity to acquire a passive, long-term absolute NNN asset backed by a top-tier franchisee and a globally recognized QSR brand in a high-visibility, high-traffic location.

FOR SALE DETAILS

PRICE

$1,732,570 USD

PRICE/SF

$286 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

B-3

APN/PARCEL ID

11-2.0-04-003-002-002.100

ASK ABOUT THIS PROPERTY

Robert NarchiMarcus & MillichapMore Info
310-486-9900

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Robert NarchiMarcus & MillichapMore Info
310-486-9900

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