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Murphysboro, IL - KFC

$1,850,000

515 Walnut Street, Murphysboro, IL 62966

Active
Last Updated: 05/31/2024

5.4

Cap Rate

100,020

NOI

Details:
Cap Rate:    5.4%
NOI:    $100,020
Building Size:    3,000 sqft
Description:

• The tenant currently has over 15 years remaining on their current lease with 4 (5-year) options to extend
• There are no scheduled rent increases but a 7% rent to sales override that becomes due in March of each following year end
• Tasty Chick’n Midwest is an experienced KFC Franchisee currently operating 89 KFC restaurants
• KFC Corporation was founded in 1952, and currently has over 29,000 KFC restaurants in nearly 150 countries and territories around the world

• The subject property is located near the signalized intersection of Walnut St and N 2nd St, which average a combined 27,000 VPD
• Strong national/credit tenant presence including Walgreens, Circle K, O’Reilly Auto Parts, Regions, and many more
• The site benefits from close proximity to SIH St. Joseph Memorial Hospital, a 114-bed regional hospital, increasing consumer traffic to the site

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