KFC - Net Lease Property for Sale
Harrisburg, IL
Key Investment Metrics
Price
$2,818,931
Cap Rate
6.5%
Net Operating Income
$184,640
Building Size
7101 SF
Lot Size
7,101 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
About This KFC Net Lease Property
This KFC NNN (triple net lease) property is located in Harrisburg, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 7101 square feet of building space and was built in 1986.
With a cap rate of 6.5%, this KFC net lease property offers stable income potential. The asking price is $2,818,931, making it an attractive option for 1031 exchange investors seeking quality KFC commercial properties.
Why Invest in KFC NNN Properties?
- Stable Income: KFC net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: KFC is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Harrisburg, IL Market Overview
Located in Harrisburg, IL, this KFC property benefits from strong local demographics and market fundamentals. The Harrisburg area offers excellent visibility and accessibility, making it an ideal location for KFC operations and a solid investment for net lease property buyers.