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KFC - CENTRALIA, IL 1310 WALTON way

1,424 SF Retail Building Centralia, IL 62801 $1,778,000 ($1,249/SF) 5.85% Cap Rate

Retail Space Illinois Centralia 1310 WALTON way, Centralia, IL 62801

Investment Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
  • Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±832 locations (+20% of KFC locations in the U.S. system)
  • Situated on a Walmart pad site in Centralia’s dominant retail corridor on a ±0.743- acre lot with excellent visibility/access
  • Parent Company of KBP Foods operates ±1,090 locations across 4 brands in 32 states.
  • New, high-quality, build-to-suit construction of KFC’s first drive-thru/walk-up prototype in the nation with limited interior dining and 6-car stack
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 18,972 | Average Household Income (1-MI): $88,840

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,424 SF
Building Class
C
Year Built
2024
Construction Status
Under Construction
Price
$1,778,000
Price Per SF
$1,249
Cap Rate
5.85%
NOI
$104,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Land Acres
1.34 AC
Zoning
C
Frontage
185 FT on West McCord Street

Amenities

  • Restaurant
  • Signage
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • KFC
  • Accommodation and Food Services
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
KFC Accommodation and Food Services - - -

Links

1 of 1

PROPERTY TAXES

Parcel Number 15-14-12-301-002 Improvements Assessment $0
Land Assessment $72,960 Total Assessment $72,960

PROPERTY TAXES

Parcel Number
15-14-12-301-002
Land Assessment
$72,960
Improvements Assessment
$0
Total Assessment
$72,960
(214) 643-6097

  • Listing ID: 33522261

  • Date on Market: 9/27/2024

  • Last Updated:

  • Address: 1310 WALTON way, Centralia, IL 62801

More public record information on 1310 WALTON way, Centralia, IL 62801

The Retail Property at 1310 WALTON way, Centralia, IL 62801 is currently available For Sale. Contact Commercial Investment Advisors, INC for more information.

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KFC - CENTRALIA, IL | 1310 WALTON way
(214) 643-6097 x

KFC - CENTRALIA, IL | 1310 WALTON way

Kendall Carlsen

(214) 643-6097

(214) 643-6097

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