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31079992
31079993

101 Baldridge Ln, Salem, IL 62881

AA
FL #BK3369953, GA GA 311619 (+2)
Sands Investment Group
Listed by Sands Investment Group
$1,807,852
85 days on market
Updated 4 days ago

KFC - Baldridge Ln - Salem, IL

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 5,075
Cap Rate 6.75%
NOI $122,029
Occupancy 100%
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Lease Term 18
Lease Expiration 05/14/2044
Remaining Term 17.9
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Price per SqFt $356
Acreage 1.107
Investment Type Net Lease
Lease Commencement 05/15/2026

KFC | 6.75% CAP | 5,075 SF | Absolute Triple Net (NNN)

Marketing description

Sands Investment Group is pleased to exclusively offer for sale the 5,075 SF KFC located at 101 Baldridge Lane in Salem, IL. The lease features 1.5% annual rental increases throughout the initial term and option periods, steadily increasing NOI and hedging against inflation, providing a secure investment.

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Investment highlights

  • Experienced Operator: A premier franchise operator managing over 400 restaurants across top-tier brands, including KFC, Pizza Hut, Burger King, Dunkin', and Taco Bell. TRG is an affiliate of Triton Pacific Capital Partners.

  • Rent Increases & Options: The lease features 1.5% annual rental increases throughout the initial term, and in the option periods, steadily increasing NOI and hedging against inflation.

  • Strategic Salem Location: With over 15,000 vehicles daily passing the store, this KFC benefits from excellent visibility and accessibility, positioned near I-57 and a high-traffic retail corridor. Its convenient location ensures a steady flow of customers, reinforcing its value as a long-term investment.

  • Retail Synergy & Established Trade Area: This KFC is surrounded by a mix of national and regional retailers, including Walmart, Dollar General, and McDonald's, which drive significant foot traffic and enhance long-term viability.

  • Growing Trade Area: The Salem area boasts a population of over 14,000 residents within a 5-mile radius, with an average household income exceeding $87,000. These strong demographics provide a solid foundation for sustained tenant success.

  • Proximity to Major Economic Drivers: The property is located near Salem Township Hospital, Kaskaskia College, Salem Education Center, and other key employers, which contribute to a strong and stable customer base; additionally, Salem serves as a regional hub for surrounding communities, driving consistent foot traffic.

Listing Contacts

AA
FL #BK3369953, GA GA 311619 (+2)
Sands Investment Group
Listed by Sands Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$122,029.00
$10,169.08/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Andrew Ackerman
License
IL #471021429
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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