Available! KFC/Taco Bell NNN Lease in Bennington, Vermont

Available! KFC/Taco Bell NNN Lease in Bennington, Vermont

Investment Highlights:
■ 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

Investment Overview:

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.

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