1120 W University Ave 4 990 pi² Commerce de détail Immeuble Saint Paul, MN 55104 4 471 598 $ CAD (896,11 $ CAD/pi²) 5,75% Taux de capitalisation

The subject property is located at 1120 University Avenue West in St. Paul MN. This new KFC is a 4,990 (including basement) square foot freestanding drive-thru
building on a 0.91 acre parcel. This investment is a 15 year absolute triple net lease starting at the close of escrow operated/guaranteed by an experienced 145+ Store
KFC Growth Approved Franchisee. There are 8% increases every 5 years in primary term and continues in the (4) 5-year options to renew beyond primary lease term.
KFC is rolling out a brand overhaul that includes an expanded menu and modernized branding and restaurant designs.“ The brand is set to open a new generation of
spaces designed for hospitality, not just efficiency, with environments that feel more dynamic and adapt throughout the day to meet different occasions,” the fried
chicken chain announced in a recent news release detailing the revamp. “The first expressions of these newly designed spaces include an open-concept design in
McKinney, Texas, reinterpreting the brand’s heritage with modern energy, expected to open late summer.” The prototype eatery will be called Open House, KFC President
Catherine Tan-Gillespie told Restaurant Business.