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% Cap Rate

828 W 27th St
Scottsbluff, NE 69361


HIGHLIGHTS

  • 20-Year Absolute NNN Lease with 1.5% Increases Every Year
  • Full Remodel in 2021
  • 10 Years Remaining on Original Lease Term
  • Current Income is $129,574
  • 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 May of 2015, with 11 years remaining. The annual rent is currently set at $127,526 and is scheduled to increase by 1.5% every year throughout the base term and during each of the 4, 5-year renewal options. The tenant is a seasoned KFC franchisee and operates over 20 KFC restaurants in three states. The franchisee has been successfully operating KFC restaurants for over 45 years.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$514 USD /SF

CAP RATE

7%

% 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 Policy.