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Investment Highlights
- Absolute NNN Lease - ZERO Landlord responsibilities - Ideal for 1031 Exchange
- Incredible Visibility - Property is located on Grass Valley Hwy, which benefits from approximately ±40.600 VPD
- Modest Rent Level - This restaurant benefits from a low rent of $31.29 PSF. This price per square foot is in accordance with the rent increase scheduled to take place on 8/1/2021(marketed rent).
- Out Parcel to Major Regional Shopping Center - Auburn Village Shopping center is a dominant grocery and drug anchored center. Built in 1990, the center totals 133.944 square feet and is anchored by a high-performing Bel Air Market (a Raley's concept) and CVS Pharmacy. Other major tenants include Goodwill, Dollar Tree, and Sunrise Foods
- Affluent Sacramento Suburb - The average Household income in a 1-mile radius of the subject property is $96,279 COVID Resistant Concept - Drive-Thru concepts have remained open during California's
- COVID-19 lockdowns and the tenant has not missed or deferred any rent payments this year
- Long Operating History - KFC has successfully operated at this location since 2006
- World's Second Largest Restaurant Chain - KFC has approximately 23,000 locations globally and is ranked second in total sales only trailing McDonald's
- Recent Business Acquisition by Seasoned Franchisee of Multiple Concepts
- The current tenant Venquest Investments and Properties LLC, acquired the subject properties business operations along with multiple other KFC locations in July of 2020
- Venquest Group operates multiple brands including KFC, Burger King, Papa Johns, Fire&Brew, and Patra
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Contact Information
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Ownership Information
Zoning
CPD-DC-AO PlannedCommercial Planned Development Design Review And Aircraft Overflight
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View all 83 uses
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