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KFC 4440 16th St 3,293 SF Retail Building Moline, IL 61265 $2,142,600 CAD ($650.65 CAD/SF) 7% Cap Rate

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Investment Highlights

Absolute NNN KFC with 8.5 years of term remaining
Backed by one of America’s largest franchise operators with 1,100+ restaurants in 32 states
Direct Signalized access | near Interstates 74 and 280 and Quad City international airport

Tenant has been operating at this location since 2011 and has 8.5 years of term remaining
Outlot to Southpark Mall | Positioned in a retail corridor

Executive Summary

This absolute triple-net leased KFC has 8.5 years remaining on the lease, with 2, 5-year renewal options and scheduled 10% rent increases every five years. The lease is guaranteed by one of the nation’s largest franchise operators, with over 1,100 locations across 32 states. KFC has a strong operating history at this location, having been established here since 2011. Positioned as an outlot to SouthPark Mall, drawing 1.3 million annual visitors, the property is surrounded by a strong mix of national retailers and restaurants. The property is located in a high-traffic corridor near Interstates 74 and 280 and 1.6 miles from Quad Cities International Airport. The property also benefits from a densely populated trade area with over 52,000 residents and 51,000 daytime employees within a three-mile radius.

Brochure

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

3,293 SF

Building Class

Year Built

2008

Price

$2,142,600 CAD

Price Per SF

$650.65 CAD

Cap Rate

NOI

$149,982 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

0.77 AC

Zoning

MOL

Parking

45 Spaces (10 Spaces per 1,000 SF Leased)

Frontage

82’ on 16th St

Accommodation and Food Services
99,999 SF
$9.99
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KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.