Listed by The Boulder Group - Denver, Bang Realty, The Boulder Group
$1,301,000
Taco Bell / KFC
Details
APN 100.11-03040.01
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,170
Net Rentable (SqFt) 3,170
Units 1
Cap Rate 6.15%
NOI $80,025
Tenancy Single
Brand/Tenant Taco Bell, KFC
Lease Type Absolute NNN
Lease Expiration 09/12/2034
Remaining Term 8.2
Rent Bumps Yes
Lease Options One 5-Year
Broker Co-Op True
Year Built 2001
Year Renovated 2021, 2024
Stories 1
Acreage 0.640
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Taco Bell/KFC | Strong Reported Sales | Low Rent & Price Point | 8+ Yrs | Triple Net | 10% Increases
Investment highlights
- Long-term lease with over 8 years remaining
- Strong store sales and an extremely low rent-to-sales (contact broker for details)
- Tenant recently did a major renovation to the property in 2021 & 2024 evidencing long term commitment to the location (interior remodel, exterior remodel, new HVAC, new Roof, new coolers, etc.)
- Established customer base and proven successful location with lengthy operating history
- Operated by and leased to Charter Foods, Inc., which operates 400+ locations
- Rare dual-branded QSR featuring Taco Bell and KFC
- Low rent and overall price for a QSR property
- 10% rental increases every 5 years
- Positioned within a regional retail corridor that features Walmart Supercenter, Kroger, O’Reilly Auto Parts, Dollar General, McDonald’s, Dollar Tree, and many others
- Immediate proximity to Mercer County Fairgrounds
- Harrodsburg is home to many large manufacturing plants including Hitachi Astemo Americas (900+/- people), Corning Incorporated (475 people), Essity (525 +/- people), Kentucky Utilities (200+/- people), and Toyota (125+/- people)
- Positioned along South College Street, the primary north-south thoroughfare in Harrodsburg with 15,200 VPD
Listing Contacts
Listed by The Boulder Group - Denver, Bang Realty, The Boulder Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$80,025.00
$6,668.75/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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