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3843 Elmore Ave
Davenport, IA 52807
KFC - DAVENPORT, IA · Retail Property For Sale
Investment Highlights
- ABSOLUTE NNN LEASE: 8+ years remaining on Absolute NNN lease with attractive 10% rental escalations every 5 years with two 5-year options to renew
- Anticipated sales in excess of $1.1 billion in 2025 (FQSR, LLC is the tenant on the lease, encompasses all KFC restaurant locations)
- TRAFFIC COUNTS: The property offers prime visibility and convenient access along Elmore Ave, the area’s primary north-south corridor
- OPERATOR | TENANT: Parent Company of KBP Foods operates ±1,090 locations across 4 brands in 32 states. Tenant - FQSR, LLC (the largest KFC franchise
- DENSE RETAIL CORRIDOR: Well-positioned on ±0.80-acre lot within a vibrant retail corridor, directly across from Kohl’s, Sam’s Club, Petco, etc.
- AFFLUENT 2025 DEMOGRAPHICS: Total Population (5MI): 167,236 | Average Household Income (1MI): $114,873
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,692 SF
Building Class
B
Year Built
1989
Price
$1,828,703 CAD
Price Per SF
$679.31 CAD
Cap Rate
7%
NOI
$127,963 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.80 AC
Zoning
C
Frontage
101’ on Elmore Ave
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | N1710-02C | Improvements Assessment | $633,599 CAD |
| Land Assessment | $570,457 CAD | Total Assessment | $1,204,056 CAD |
Property Taxes
Parcel Number
N1710-02C
Land Assessment
$570,457 CAD
Improvements Assessment
$633,599 CAD
Total Assessment
$1,204,056 CAD
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