KFC | 302 W Jackson St
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KFC 302 W Jackson St
1,925 SF Retail Building Mexico, MO 65265 $1,500,000 ($779/SF) 6.29% Cap Rate
Investment Highlights
- Absolute NNN
- 18.5 Years Lease Term Remaining
- 2022 Construction
- 7.5% Rent Increases
- Strategeic, Centralized Downtown Location
Executive Summary
Northmarq is pleased to announce the exclusive offering of the fee simple interest in a KFC restaurant located in Mexico, Missouri (the “Property”). The Property consists of a 0.31 acre-parcel of land containing a newly constructed, approximately 1,925 square foot American Showman Prototype quick service restaurant. The Tenant, AMPEX Brands of St. Louis 2, Inc., is operating under a 20-year absolute net lease structure with contractual cash flow through May 2042. Additionally, the lease features frequent rental increases during the base term, as well as at the start of each of the three (3), five (5) year renewal option periods. The Property is one of 24 successful locations that the franchisee currently operates in Missouri and Illinois. The Property is situated in a prime location in the heart of Mexico surrounded by a variety of notable tenants. Neighboring businesses include popular brands such as Taco Bell, Pizza Hut, Domino’s Pizza, Casey’s, Ace Hardware, Walgreens, and O'Reilly Auto Parts. This bustling area offers an abundance of foot traffic and potential customers for the restaurant. The property is also conveniently located near Mexico’s High School and the Missouri Military Academy, providing a popular lunch or dinner option for students and their families. Additionally, the nearest KFC is approximately 26 miles away and is operated by the same operator of the Subject Property. KFC is a world-renowned fast food restaurant brand with a 75-year history of serving up delicious, “finger-lickin’-good” fried chicken. As the second-largest restaurant chain in the world, KFC boasts over 27,000 locations in 145 countries and employs 800,000 team members. KFC is a subsidiary of YUM! Brands, Inc., which also operates popular restaurant brands such as Pizza Hut, Taco Bell, and The Habit Burger Grill.
In Association With: Brett Butler, MO Lic #2014014142
In Association With: Brett Butler, MO Lic #2014014142
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,925 SF
Building Class
C
Year Built
2022
Price
$1,500,000
Price Per SF
$779
Cap Rate
6.29%
NOI
$94,355
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
0.31 AC
Parking
16 Spaces (8.31 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- KFC
- Accommodation and Food Services
- 1,925 SF
- $49.02
- Triple Net
- May 2042
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
KFC | Accommodation and Food Services | 1,925 SF | $49.02 | Triple Net | May 2042 |
PROPERTY TAXES
Parcel Number | 19-7-26-1-046-001 | Improvements Assessment | $106,200 |
Land Assessment | $12,560 | Total Assessment | $118,760 |
PROPERTY TAXES
Parcel Number
19-7-26-1-046-001
Land Assessment
$12,560
Improvements Assessment
$106,200
Total Assessment
$118,760
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KFC | 302 W Jackson St
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