KFC 15-Year Absolute NNN Lease

1725 John F Kennedy Rd, Dubuque, IA 52002, USA
$1,576,699

Description

Marcus & Millichap is pleased to present for sale this KFC Fast Food Restaurant located in Dubuque, Iowa. At closing, the tenant will sign a 15-Year Absolute NNN Lease with 7.5 percent increases in rent every five years. Midwest Medical Center is located about 20 minutes from this property and serves the tri-state area. This property is located in the popular Midwest tourist city of Dubuque and is fout minutes from The National Mississippi River Museum and Aquarium which hosts over 175,000 visitors per year. Also nearby is Dubuque Arboretum and Botanical gardens with 56-Acres and 13,000 plants and sees thousands of visitors each year. Another popular tourist site near this property is Mathias Han House, a 19th Century Mansion with over 11,000 visitors each year. Retailers in the immediate area include Verizon, Walmart Super Center and Cricket Wireless.
Dubuque is an Iowa City on the Mississippi River and lies at the junction of Iowa, Illinois and Wisconsin. The population exceeds 57,882.
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
  • Fast Food Restaurant with Drive Thru Component Situated in between Stephen Hempstead High School and Hoover Elementary School
  • Nearby Loras College with Student Enrollment of 1,528 Students
  • Dubuque is the Main Commercial, Educational, Industrial and Center for this Mississippi Area
  • Dubuque is ranked as the 22nd Fastest Growing Economy in the United States
  • KFC is considered an Essential Tenant

Property Documents

  • City: Dubuque
  • State/county: Iowa
  • Zip/Postal Code: 52002
  • Country: United States

Detail

  • Price: $1,576,699
  • Year Built: 1975

Additional details

  • CAP RATE: 5.15%
  • NOI: $81,200

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