Overview

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 42 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

---