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KFC | 10+yrs Remain Abs NNN 6046 Covington Rd 3,502 SF Retail Building Fort Wayne, IN 46804 $2,270,366 CAD ($648.31 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 10 Years Remaining | FQSR, LLC Operator (840+ Units) | Options to Extend
- Immediate Proximity to Multiple National Tenants | Located off W Jefferson Blvd. (33,500 VPD)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The subject property is operated by FQSR, LLC, a subsidiary of KBP Foods, one of the largest operators in America with 1,100+ units operating other brands like Taco Bell, Sonic, KFC, and Arby’s.
• Over 10 years remaining on the base term with 5 (5-year) option periods to extend the lease.
• Over 10 years remaining on the base term with 5 (5-year) option periods to extend the lease.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,502 SF
Building Class
C
Year Built
1999
Price
$2,270,366 CAD
Price Per SF
$648.31 CAD
Cap Rate
6.75%
NOI
$153,250 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.81 AC
Zoning
C2 - Commercial
Parking
58 Spaces (16.56 Spaces per 1,000 SF Leased)
Frontage
120’ on Covington Rd
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
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.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-12-07-454-001.000-074 | Improvements Assessment | $16,551 CAD |
| Land Assessment | $406,906 CAD | Total Assessment | $423,457 CAD |
PROPERTY TAXES
Parcel Number
02-12-07-454-001.000-074
Land Assessment
$406,906 CAD
Improvements Assessment
$16,551 CAD
Total Assessment
$423,457 CAD
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KFC | 10+yrs Remain Abs NNN | 6046 Covington Rd
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