Crawfordsville, IN - Former KFC

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a former KFC investment property located in Crawfordsville, Indiana. The site presents an excellent owner-user or redevelopment opportunity with tremendous upside. The building offers an ideal QSR design, capable of supporting a national fast-food brand and is equipped with a drive-thru, providing ease and convenience for consumers.

The asset is strategically located along N Washington St, a primary thoroughfare supporting over 13,700 vehicles passing daily. Lincoln Avenue serves as the primary retail thoroughfare serving the city of Crawfordsville, featuring national fast food brands including Wendy’s, Taco Bell, Pizza Hut, Culver’s, and Dairy Queen. Strong tenant synergy throughout the area increases consumer traffic to the site. Additionally, the subject property is positioned just north of Crawfordsville Square, a 307,000 square foot shoping center with national/credit tenants including Kroger, Trader Joe’s, Beall’s, and more. Furthermore, the property is located 2 miles north of a Walmart Supercenter, which helps draw significant consumer traffic into the trade area. The site will receive significant crossover retail exposure from the national retailer in addition to the Kroger grocery store located down State Highway 32 & 27, the primary national grocer serving the city. Moreover, the property is in the center of a primary retail corridor with other nearby national/credit tenants including The Home Depot, Dollar General, Walgreens, CVS Pharmacy, Anytime Fitness, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 22,800 residents and 14,900 employees with an average household income of $83,482.