KFC - Net Lease Property for Sale
Milan, IL
Key Investment Metrics
Price
$1,160,000
Cap Rate
7.0%
Net Operating Income
$81,207
Building Size
2376 SF
Lot Size
2,376 SF
Land Area
0.34 Acres
Remaining Term
8.2 years
Lease Expiration
03/31/2034
Lease Term
23 years
Lease Commencement
04/01/2011
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
1997
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5
About This KFC Net Lease Property
This KFC NNN (triple net lease) property is located in Milan, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 2376 square feet of building space and was built in 1997.
With a cap rate of 7.0%, this KFC net lease property offers stable income potential. The asking price is $1,160,000, 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.
Milan, IL Market Overview
Located in Milan, IL, this KFC property benefits from strong local demographics and market fundamentals. The Milan area offers excellent visibility and accessibility, making it an ideal location for KFC operations and a solid investment for net lease property buyers.