2101 William St - Fast Food FOR SALE


Cape Girardeau, MO 63703
$3,119,000 USD
813-434-8278
2101 William St, Cape Girardeau, MO for Sale
$3,119,000 USD
Fast Food - FOR SALE
1/9
null | 6% Cap Rate

2101 William St
Cape Girardeau, MO 63703


HIGHLIGHTS

  • 19 Years Remaining | Annual Rental Increases | Established Brand | KFC - $7.55B in Revenue (2024)
  • Absolute NNN Lease | Fee Simple Ownership | Land & Building | Zero Landlord Responsibilities
  • Hard Corner Intersection | Excellent Visibility & Access
  • Top-Performing Location | Surrounding Retailers | Just West of the Mississippi River | Residential Consumer Base
  • Local Demographics & 5 Mile Trade Area

OVERVIEW

• The tenant, KFC, currently has 19 years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site • The lease features 1.50% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation • There are over 30,000 KFC restaurants in 150 countries and territories around the world • The franchisee, Tasty Restaurant Group, operates 400+ units nationwide across multiple QSR brands (KFC, Burger King, Pizza Hut, Dunkin, and Taco Bell) • There are over 140 units encompassed by the lease signature (Tasty Chick’n Midwest) and the lease guarantor (Tasty Chick’n Southeast)

FOR SALE DETAILS

PRICE

$3,119,000 USD

PRICE/SF

$1,341 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC - St Louis (Cape Girardeau) MO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

Commercial

APN/PARCEL ID

20-308-00-10-00100-0000

ASK ABOUT THIS PROPERTY

William WambleSRS Real Estate PartnersMore Info
813-434-8278

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William WambleSRS Real Estate PartnersMore Info
813-434-8278

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