KFC - Fulton, MO

2,586 SF | Retail Building | Fulton, MO 65251 | $2,100,000 ($812/SF) | 6.30% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $2,100,000

Property Type
Retail, Restaurant
Square Feet
2,586 SF
Price / Square Foot
$812

Listing Contacts

Mark Grossman
Mark Grossman
Verified Profile
  • Property Info

Property Overview

Northmarq is pleased to announce the exclusive offering of the fee simple interest in a KFC restaurant located in Fulton, Missouri (the “Property”). The Property consists of a 1.43 acre-parcel of land containing a newly constructed, approximately 2,586 square foot American Showman Prototype quick service restaurant. The Tenant, AMPEX Brands of St. Louis 3, Inc., is operating under a 20-year absolute net lease structure with contractual cash flow through December 2042. Additionally, the lease features frequent rental increases during the base term, as well as at the start of each of the three (3), five (5) year renewal option periods. The Property is one of 24 successful locations that the franchisee currently operates in Missouri and Illinois. This new location has shown strong performance since opening in December of 2022 and is situated in a prime location in the heart of Fulton surrounded by a variety of notable national tenants. Neighboring businesses include popular brands such as McDonald’s, Scooter’s Coffee, Edward Jones, Ace Hardware, and Subway. The bustling area offers an abundance of foot traffic and potential customers for the restaurant. The Property is also conveniently located within a 1.5 mile radius of William Woods University (3,500 students/faculty), Westminister College (656 students), & Fulton State Hospital (399 beds). Additionally, the nearest KFC is approximately 24 miles away and provides a competitive advantage against other KFC operators. KFC is a world-renowned fast food restaurant brand with a 75-year history of serving up delicious, “finger-lickin’-good” fried chicken. As the second-largest restaurant chain in the world, KFC boasts over 27,000 locations in 145 countries and employs 800,000 team members. KFC is a subsidiary of Yum! Brands, Inc., which also operates popular restaurant brands such as Pizza Hut, Taco Bell, and The Habit Burger Grill.
In association with: Brett Butler, MO Lic #2014014142

Property Details

Class
B
Year Built
2022
Stories
1
Lot Size (sq. ft)
62,291 SF

Highlights

  • Absolute NNN
  • 7.5% Rent Increases
  • 19 Years Lease Term Remaining
  • College Town
  • Located Between Columbia & St. Louis
  • 2022 Construction

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