4349 211th St - Fast Food FOR SALE
Matteson, IL 60443 |
$2,505,000 USD
949-506-2012
4349 211th St
Matteson, IL 60443
HIGHLIGHTS
- • Across from the planned Market Square Crossing Development which will replace the former Lincoln Mall
- 50-acre development that will include the Matteson Children’s Museum, 613 residential units, 200,000 SF of commercial space, and around 31 acres of sports and recreational use
- Click here for more info
- • The subject property is located in proximity from a Home Depot anchored center with other national/credit tenants like Harbor Frieght, Petsmart, Marshalls, Starbucks, Chiptole, Five Guys, and more
- • Just west of the Matteson Plaza with nearby major tenants including the Pete’s Fresh Market, Walgreens, McDonalds, Sparkle Express Carwash and more
- • Strong tenant synergy promotes crossover shopping to the subject property
OVERVIEW
• The subject property is operated by KBP foods one of the largest operators in America with 1,100+ units operating other brands like Taco Bell, Sonic, KFC, and Arby’s.
• Approximately 9.5 years remaining on the base term with 2 (5-year) option periods to extend the lease
• The lease is backed by FQSR, LLC a subsidiary of KBP Foods that has over 800 units in this entity
FOR SALE DETAILS
PRICE
$2,505,000 USD
PRICE/SF
$490 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC | Adjacent to Huge Planned Development
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1971
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
0.8 AC
LAND SF
34,848 SF
ZONING
C-4
APN/PARCEL ID
31-22-400-002-0000
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949-506-2012
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949-506-2012
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