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Off Market
1/6

4503 W Elm St
McHenry, IL 60050


HIGHLIGHTS


OVERVIEW

KFC has a brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5-years and two 5-year renewal options. The tenant, KBP Foods is the largest KFC franchisee in the US, operating 739+ locations in 23 states, and will generate sales in excess of $825 million in 2020. This asset is slated for remodel (at tenant’s cost) by 2020 – showing the tenant’s commitment to the location. KFC is located in McHenry, Illinois on the main east/west thoroughfare with excellent drive-by visibility. Nearby retailers include: Jewel-Osco, Dollar Tree, Dollar General, The Salvation Army Family Store, AutoZone, O’Reilly Auto Parts, Walmart Supercenter, Kohl’s, Hobby Lobby, Home Depot, Meijer, Stock+Field, ALDI, Dick’s Sporting Goods, Bed Bath & Beyond, Michaels, JCPenney, T.J. Maxx, Old Navy, JOANN Fabrics, DSW, PetSmart, Petco, Five Below, Goodwill, Ulta Beauty, etc. The subject location has 10 public schools with a total enrollment of over 6,690 and 3 miles Northwestern Medical McHenry (179 beds). *In Association with Illinois Local Broker: Travis R. Tarrant, Tarrant & Harman Real Estate and Auction #471016673

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

KFC: Brand New 20 Year Absolute NNN Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

2362

STORIES

1

YEAR BUILT

1997

SPRINKLERS

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PARKING SPACES

50

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

09-27-407-024,09-27-407-025