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2737 Veterans Ave
Vandalia, IL 62471

KFC/Taco Bell: New 20 Year Absolute NNN Lse · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
3,290 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.17 AC
Zoning
Commercial
Parking
35 Spaces
Frontage
115 FT on Veterans Avenue

Amenities

  • Drive Thru

About 2737 Veterans Ave , Vandalia, IL 62471

KFC/Taco Bell has a brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years and two 5 year renewal options (RARE DUAL BRAND CONCEPT). The tenant, KBP Foods, is the largest KFC franchisee in the US operating 70+ locations in 23 states and will generate sales in excess of $800 million in 2019. This high volume location has been successfully open and operating since 2002 with an attractive 8.03% rent-to-sales ratio and was recently remodeled to KFC’s newest “American Showman” prototype in 2019 – showing the tenant’s commitment to the location. KFC/Taco Bell is located in Vandalia, Illinois on a large 1.17 acre lot just south of I-70 with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, Rural King, ALDI, Dollar Tree, Dollar General, Goodwill, Rent-A-Center, True Value Hardware, Midwest Tractor Sales, AutoZone, O’Reilly Auto Parts, NAPA Auto Parts, Verizon, AT&T, Family Video, etc. The subject location is just 2 miles from Fayette County Hospital (85 beds) and is in a 2 mile vicinity of 3 public schools with a total enrollment of over 1,460 students. *In Association with Illinois Local Broker: Travis R. Tarrant, Tarrant & Harman Real Estate & Auction #471016673

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-14-18-201-008
Land Assessment
$3,452
Improvements Assessment
$156,860
Total Assessment
$160,312
  • Listing ID: 17292615

  • Date on Market: 9/25/2019

  • Last Updated:

  • Address: 2737 Veterans Ave, Vandalia, IL 62471

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