KFC for Sale in Harrisburg, IL
Harrisburg, IL
Key Investment Metrics
Price
$2,818,931
Cap Rate
6.5%
Net Operating Income
$184,640
Building Size
7101 SF
Land Area
1.39 Acres
Remaining Term
18.2 years
Lease Expiration
09/30/2044
Lease Term
20 years
Lease Commencement
10/01/2024
Lease Type
Absolute NNN
Tenant Credit
Franchisee, Corporate Guarantee
Year Built
1986
Occupancy
100%
Tenancy
Single
Rent Increases
1.5% annual rental increases
AI illustration · Not the listed propertyProperty overview
KFC in Harrisburg
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,101 SF
- Land area
- 1.39 acres
- Year built
- 1986
- Lease type
- Absolute NNN
- Lease expiration
- 09/30/2044
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.