Listed by Matthews
$1,397,142
Dark KFC
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,100
Cap Rate 7.00%
Tenancy Vacant
Lease Type NNN
Lease Term 8
Lease Expiration 03/31/2034
Remaining Term 7.7
Price per SqFt $665
Class B
Year Built 1994
Buildings 1
Stories 1
Acreage 0.290
Investment Type Net Lease
Lease Commencement 04/01/2026
Occupancy Date 04/01/2011
Absolute NNN Dark KFC – 8 Years Remaining, 7% Cap, Quad Cities Growth Market
Marketing description
For sale: Former KFC in Rock Island, IL. ±2,100 SF on ±0.29 acres with drive-thru and 20 parking spaces. Priced at $1,397,142 (7.00% cap, $97,795 NOI). Absolute NNN lease with ±8 years remaining and 10% rent bumps every 5 years. Corporate guarantee by FQSR LLC. Strong Midwest location in the Quad Cities.
Investment highlights
- Significant Industrial Growth & Investment: The region has seen over $1.48 billion in investments and 2,878 new jobs over the past five years. Major developments include Meta's $800 million data center, expansion at the TBK Bank Sports Complex, and a surge in industrial building projects.
- The Quad Cities region is a major manufacturing hub driven by heavy machinery, metal production, and defense, anchored by companies like John Deere, Arconic, and the Rock Island Arsenal. Other significant manufacturers include HNI Corp., SSAB, 3M Company, Kraft Heinz, and Sears Manufacturing.
- Home to Augustana College, St. Ambrose University, and Western Illinois University–QC, alongside community colleges Black Hawk College and Eastern Iowa Community College.
- Low Cost of Business & Living: The Quad Cities offers a cost of living roughly 10% below the U.S. average, with some of the lowest electric rates in the nation. It is ranked #5 most affordable small city to buy a home, offering high ROI for investors.
- Bally's Quad Cities Casino & Hotel in Rock Island generated over $56.4 million in gross revenue during 2023. Additionally, the region benefits from gaming revenue from Iowa-side casinos, while Illinois casinos as a whole saw rising revenue in early 2026, with Bally's Quad Cities recording notable increases.
Listing Contacts
Listed by Matthews
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