KFC / Taco Bell 10-Year Absolute NNN Lease

363 Swanton Rd, St Albans City, VT 05478, USA
$1,109,146

Description

Marcus & Millichap is pleased to present for sale this KFC / Taco Bell Fast Food Restaurant located in Saint Albans City, Vermont. At closing, the tenant will sign a 10-Year Absolute NNN Lease with 7.5 percent increases in rent every five years. This property is located nine minutes from a thriving Industrial Park which includes Ben & Jerry’s (Ice Cream Plant employs 200 people, runs 24 hours a day, seven days a week and produces 528,000 pints of ice cream per day), Mylan (Giant Pharmaceutical Company with 390,000 sf plant and 600 employees) NECR and Barry Callebarr. Retailers in the immediate area include Hannaford Supermarkets, T.J. Maxx, Olympia Sports and Highgate Commons Shopping Center.
St. Albans City, Vermont is the county seat of Franklin County with a population of 6,918. It is surrounded by St. Albans Town, which is incorporated separately from St. Albans City, with a population of 5,999 and is located on the shore of the great Lake Champlain.
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/Taco Bell Absolute NNN 10-Year Lease with 7.5% Increases Every 5 Years in the Base Term and Options
  • Signalized Intersection at the Entrance to a Hannaford Supermarket Anchored Shopping Center
  • Multiple Traffic Drivers: Situated between a Walmart Supercenter, Price Chopper Supermarket and a Hannaford Supermarket
  • 6 Minutes from Northwestern Medical Center voted One of Top 100 Rural and Community Hospitals
  • Located Eight Minutes away from the Community College of Vermont with 7,120 Enrolled Students
  • Only 9 minutes from Ben & Jerry’s Plant and Giant Pharmaceutical Company Mylar
  • KFC is considered an Essential Tenant

Property Documents

  • KFC-TacoBell-St-Albans-City-VT-om
  • City: Saint Albans City
  • State/county: Vermont
  • Zip/Postal Code: 05478
  • Country: United States

Detail

  • Price: $1,109,146
  • Year Built: 2004

Additional details

  • CAP RATE: 5.50%
  • NOI: $61,020

Features