KFC

Investment Overview

This nationally branded, passive income investment property has over ten years remaining with a lease guaranteed by one of the largest quick-serve restaurant franchisees in North America. The Absolute Net Lease structure of this deal makes this a true "mailbox money" opportunity. The tenant is committed to 5% rent increases every five years, inclusive of every 5-year renewal option. They have expressed their dedication to this location with an exterior renovation and brand new signage just last year.

Investment Highlights

• Building renovated in 2022
• High-value existing restaurant with drive-thru location at hard corner
• Fronting primary connection between Marion and Cedar Rapids with over 15,000 VPD
• Strong demographical location with over 250,000 residents in the MSA
• Lease guaranteed for the next appx 10 years by a 340-unit operator