514 S Commercial St - Fast Food FOR SALE


Harrisburg, IL 62946
$2,905,366 USD
818-907-4696
514 S Commercial St, Harrisburg, IL for Sale
$2,905,366 USD
Fast Food - FOR SALE
1/8
null | 6.15% Cap Rate

514 S Commercial St
Harrisburg, IL 62946


HIGHLIGHTS

  • Flagship KFC Prototype | High profile KFC which is among the top-performing stores in the nation and showcases the brand’s latest prototype design and
  • Brand New Lease | The tenant recently signed a brand new 20-year lease in October 2024 showing incredible commitment to the location and market
  • Recent and Upcoming Remodels | The property underwent a significant remodel in 2018, with another renovation scheduled for 2028, further demonstrating
  • Absolute NNN Lease from Top Operator | Tasty Restaurant Group operates over 470 restaurants in 22 states
  • Signalized Hard Corner | Prominent location at Commercial Street and Sloan Street with combined traffic counts exceeding 22,000 vehicles per day
  • Strategic Location | Adjacent to a Walmart Supercenter with over 2 million annual visitors

OVERVIEW

CBRE is pleased to present KFC for sale located at 514 S Commercial St in Harrisburg, IL. This “Flagship” KFC property includes a 7,101 SF building on a 1.39 ACRE parcel and benefits from being situated on the signalized hard corner of Commercial Street and Sloan Street which sees over 22,000 vehicles per day. The tenant has shown incredible commitment to the location and market by signing a brand new 20-year lease in October 2024. This is an elite performing KFC and among the top 5% locations nationwide. The property underwent a significant remodel in 2018, with another renovation scheduled for 2028, further demonstrating the tenant’s dedication to the site. The Lease is backed by Tasty Restaurant Group (TRG), which operates 470+ restaurants across 22 states. The Absolute NNN Lease calls for zero landlord responsibilities whatsoever and contains 1.5% rental increases annually with 4-Five Year Options, providing a strong hedge against inflation. The asset is situated in the town’s main retail corridor and adjacent to a Walmart Supercenter that sees over 2 million annual visitors.

FOR SALE DETAILS

PRICE

$2,905,366 USD

PRICE/SF

$409 USD /SF

CAP RATE

6.15%

% 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

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

C

APN/PARCEL ID

06-1-092-11

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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