KFC – Kirksville, MO
Fortis Net Lease is pleased to present this brand new 1,800 SF KFC located in Kirksville, Missouri, in an opportunity zone. This 10 year Double Net (NN) Lease will require minimal landlord responsibilities. The lease provides a $2.00 PSF increase in year 6 and three (5 year) options at market rent. The store has completed construction, recently opened with rent commencing on 9/1/2021.
This KFC benefits from being adjacent to the new Kirksville Commons Shopping Center (anchored by Hobby, Marshalls, and PetSmart) and has excellent visibility as it is located on North Baltimore Street which sees 9,574 cars per day. This site is surrounded by many notable retailers in the area including Walmart, Aldi, Home Depot, Menards, Hibbett Sports, Tractor Supply Company and more. The five mile population from the site is 19,288. The three mile household income is $64,784. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.70% cap rate based on NOI of $68,220.
• 10 Year Double Net (NN) Lease | Minimal Landlord Responsibility
• Opportunity Zone | Brand New 2021 BTS Construction
• Concrete Parking Lot
• Three (5 Year) Options to Renew at Market Rent
• 5 Mile Population 19,360
• 1 Mile Average Household Income $60,325
• 9,574 Cars Per day on N. Baltimore Street
• Adjacent to Walmart, PetSmart and Hobby Lobby Anchored Center
• On Main Thoroughfare Leading to Downtown Kirksville
• Other Nearby Retailers Include Home Depot, Menards, Hibbett Sports, Aldi, and Tractor Supply Company
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.