1404 W Deyoung St - Fast Food FOR SALE


Marion, IL 62959
$1,486,726 USD
818-907-4696
1404 W Deyoung St, Marion, IL for Sale
$1,486,726 USD
Fast Food - FOR SALE
1/6
null | 5.65% Cap Rate

1404 W Deyoung St
Marion, IL 62959


HIGHLIGHTS

  • Strong Traffic Counts | Property sees over 28,000 vehicles per day
  • Long-Term Lease | Brand New 20 Year Lease with 1.5% Annual Rental Increases
  • Strong Guarantee from Top Franchisee | Tasty Chick’n Midwest 80+ unit subsidiary of Tasty Restaurant Group with 450+ units
  • Future Upside | Below Market $320 Price/SF and $18 Rent/ SF
  • Longstanding Commitment to Location | Tenant has operated successfully at this location for over 25 years

OVERVIEW

CBRE is pleased to present a KFC for sale located at 1404 W Deyoung St in Marion, IL . The property includes a 4,667 SF building on a 0.75 ACRE parcel and benefits from being situated on a signalized hard corner which sees 28,000 vehicles per day. The tenant has been operating successfully at this address for 26 years and recently signed a brand new 20 year lease showing a longstanding commitment to this location and market. The property is surrounded by notable retailers such as Rural King, Aldi, Goodyear Tire, Kroger, Harbor Freight, Wendy’s, & Dollar General. The Lease is backed by Tasty Chick’n Midwest, an 80+ unit subsidiary of one of the nation’s largest Franchisee Operator’s, Tasty Restaurant Group, which has over 450 units. The Absolute NNN Lease calls for zero landlord responsibilities whatsoever and contains 1.5% annual increases providing a strong hedge against inflation. Marion, Illinois, is a thriving city located in Williamson County in Southern Illinois. Known as the “Hub of the Universe,” Marion serves as a regional center for commerce, healthcare, and industry. Situated along Interstate 57 and Illinois Route 13, the city provides convenient access to major markets such as Carbondale, Paducah, and St. Louis.

FOR SALE DETAILS

PRICE

$1,486,726 USD

PRICE/SF

$319 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,625 SF

ZONING

-

APN/PARCEL ID

06-13-133-001,06-13-133-006

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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