828 W 27th St - Fast Food FOR SALE


Scottsbluff, NE 69361
$1,850,000 USD
760-809-3626
828 W 27th St, Scottsbluff, NE for Sale
$1,850,000 USD
Fast Food - FOR SALE
1/5
null | 7.01% Cap Rate

828 W 27th St
Scottsbluff, NE 69361


HIGHLIGHTS

  • 20-Year Absolute NNN Lease with 1.75% Increases Every Year
  • Full Remodel in 2021
  • 10 Years Remaining on Original Lease Term
  • Current Income is $129,758
  • 7.5% Rent to Sales Ratio
  • Hard Corner Location

OVERVIEW

ACRE Investment Real Estate Services is honored to offer an exclusive listing for a KFC situated at 828 West 27th Street in Scottsbluff, Nebraska. This property encompasses an estimated .77-acre lot with approximately 3,850 square feet of rentable building space. The lease for this KFC is an absolute triple-net (NNN) lease with a 20-year term, which began in March 2016, with 10 years remaining. The annual rent is currently set at $129,758 and is scheduled to increase by 1.75% every year throughout the base term and during each of the 4, 5-year renewal options. The tenant, Harmans Management, is the first KFC franchisee and operates over 350 KFC restaurants in the Western United States. The franchisee has been successfully operating KFC restaurants for over 73 years.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$514 USD /SF

CAP RATE

7.01%

% 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

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,742 SF

ZONING

COM

APN/PARCEL ID

010148418

ASK ABOUT THIS PROPERTY

Craig StewartACRE Investment Real Estate ServicesMore Info
760-809-3626

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Craig StewartACRE Investment Real Estate ServicesMore Info
760-809-3626

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