KFC 15-Year Absolute NNN Lease

332 Barre-Montpelier Rd, Barre, VT 05641, USA
$1,095,146

Description

Marcus & Millichap is pleased to present for sale this KFC Fast Food Restaurant located in Barre, Vemront. At closing, the tenant will sign a 15-Year Absolute NNN Lease with 7.5 percent increases in rent every five years. This property is located across the street from a Price Chopper Supermarket Anchored Shopping Center. This property is also minutes away from Central Vermont Medical Center which is the primary health care provider to 66,000 people in the area with 122 beds and 200 physicians. Retailers in the immediate area include Petco, Sunoco, Enterprise Rent A Car and Price Chopper.
Barre is the most populous city in Washington County Vermont with a population exceeding 9,052 and its Twin City of Montpelier, Vermont, which is the capital of the state and a has a population of over 60,000.
KFC, also known as Kentucky Fried Chicken, is an American fast food restaurant chain headquartered in Louisville, Kentucky, that specializes in fried chicken. It is the world’s second-largest restaurant chain (as measured by sales) after McDonald’s, with 22,621 locations globally in 136 countries as of December 2019. The chain is a subsidiary of Yum! Brands, a restaurant company that also owns the Pizza Hut, Taco Bell, and WingStreet chains.

  • KFC Absolute NNN 15-Year Lease with 7.5% Increases Every 5 Years in the Base Term and Options
  • Located Across the Street from a Price Chopper Supermarket Anchored Shopping Center
  • Located in close proximity to Vermont State Colleges (Enrollment 13,000) and Community College VT (7,120 Enrolled Students)
  • 9 Minutes from Montpelier High School (350 Students) and Berlin Elementary (215 Students)
  • KFC is considered an Essential Tenant

Property Documents

  • City: Barre
  • State/county: Vermont
  • Zip/Postal Code: 05641
  • Country: United States

Detail

  • Price: $1,095,146
  • Year Built: 2004

Additional details

  • CAP RATE: 5.15%
  • NOI: $56,400

Features