Taco Tuesday! Taco Bell/KFC NNN Lease in Saint Albans, Vermont

Taco Tuesday! Taco Bell/KFC NNN Lease in Saint Albans, Vermont

Investment Hightlights:

■ 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

Investment Overview:
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.

 

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