KFC / Taco Bell 10-Year Absolute NNN Lease

100 Northside Dr, Bennington, VT 05201, USA
$1,301,455

Description

Marcus & Millichap is pleased to present for sale this KFC / Taco Bell Fast Food Restaurant located in Bennington, Vermont. At closing, the tenant will sign a 10-Year Absolute NNN Lease with
7.5 percent increases in rent every five years. This Fast Food Restaurant with Drive Thru is located across the street from an Aldi Grocer and CVS Pharmacy. This property is located nearby the second largest employer in Bennington, NSK Steering Systems, which is the Global manufacturer of ball and roller bearings and linear motion technology. Retailers in the immediate area include
Verizon, Walmart Supercenter, Tractor Supply Company, and Staples.
Bennington is a city located in Bennington County and one of two shire towns with the other being Manchester. It has a population of 15,674 and is the third largest town in the state of Vermont.
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.
Taco Bell is the world’s leading Mexican-style quick service restaurant chain, serving almost 3 billion consumers each year in more than 7,072 restaurants in the United States. It is an American chain of fast-food restaurants based in Irvine, California. A subsidiary of YUM! Brands, Inc., serving American-adapted Mexican food, over 93 percent of Taco Bell restaurants are owned and operated by independent franchisees.

  • KFC Absolute NNN 10-Year Lease with 7.5% Increases Every 5 Years in the Base Term and Options
  • Fast Food Restaurant with Drive Thru located across the street from an Aldi Grocer and CVS Pharmacy
  • Located nearby Southwestern Vermont Medical Center with a Workforce of over 1,300
  • Only minutes from Vermont Technical College (1,658 Enrolled Students) and Bennington College (755 Enrolled Students)
  • KFC is considered an Essential Tenant

Property Documents

  • KFC-TacoBell-Bennington-VT-om
  • City: Bennington
  • State/county: Vermont
  • Zip/Postal Code: 05201
  • Country: United States

Detail

  • Price: $1,301,455
  • Year Built: 2004

Additional details

  • CAP RATE: 5.50%
  • NOI: $71,580

Features