514 S Commercial St
2.5% Co-Op | Top 5% Sale Location | 40 Yr Operational History
Marketing description
CBRE is pleased to present KFC for sale located at 514 S Commercial St in Harrisburg, IL. This "Flagship" KFC property includes a 7,101 SF building on a 1.39 ACRE parcel and benefits from being situated on the signalized hard corner of Commercial Street and Sloan Street which sees over 22,000 vehicles per day. The tenant has shown incredible commitment to the location and market by signing a brand new 20-year lease in October 2024. This is an elite performing KFC and among the top 5% locations nationwide. The property underwent a significant remodel in 2018, with another renovation scheduled for 2028, further demonstrating the tenant's dedication to the site.
The lease is backed by Tasty Midwest, LLC, an 81-unit subsidiary of Tasty Restaurant Group, with an additional guarantee from Tasty Chick'n, LLC, another 80+ unit subsidiary of TRG, for the first 10 years of the lease. The Absolute NNN Lease calls for zero landlord responsibilities whatsoever and contains 1.5% rental increases annually with 4-Five Year Options, providing a strong hedge against inflation. The asset is situated in the town's main retail corridor and adjacent to a Walmart Supercenter that sees over 2 million annual visitors.
Investment highlights
- Flagship KFC Prototype | High profile KFC which is among the top-performing stores in the nation and showcases the brand's latest prototype design and operational excellence
- Brand New Lease | The tenant recently signed a brand new 20-year lease in October 2024 showing incredible commitment to the location and market
- Recent and Upcoming Remodels | The property underwent a significant remodel in 2018, with another renovation scheduled for 2028, further demonstrating the tenant's confidence in this high performing site
- Absolute NNN Lease from Top Operator | Tasty Restaurant Group operates over 470 restaurants in 22 states
- Signalized Hard Corner | Prominent location at Commercial Street and Sloan Street with combined traffic counts exceeding 22,000 vehicles per day
- Strategic Location | Adjacent to a Walmart Supercenter with over 2 million annual visitors
- Fee Simple Ownership (Land and Building) | Depreciable asset providing strong tax advantages
- Recession-Resilient Asset| Drive-thru equipped property built for long-term stability
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
