Listed by Veritas Realty
$2,422,000
KFC | 3700 W. 3rd St, Bloomington, IN 47404
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,186
Units 1
Cap Rate 6.25%
NOI $151,375
Occupancy 100%
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/17/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options Four 5-Year Options
Price per SqFt $760
Year Built 2012
Acreage 0.940
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/18/2012
Indiana University | Abs NNN | 1.50% Annual Increases
Investment highlights
- No Landlord Responsibilities: Absolute NNN lease structure
- Rental Increases: 1.50% annual increase
- Great Location: Access of W 3rd St (ADT: 21,914) and just off I-69
- Retail Corridor: Kroger, Fresh Thyme, Lowe’s, TJ Maxx, Home Goods, Kohl’s Chipotle, Olive Garden, Outback Steakhouse, Freddy’s, Wendy’s, KFC, Verizon, Tire Barn, Crew Carwash, & many more
- Operating History: 14+ years of success at this location
- Market Strength: Home of Indiana University (51,000 students)
Listing Contacts
Listed by Veritas Realty
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$151,375.00
$12,614.58/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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