KFC

Lebanon, Missouri

NNN Pro Group is pleased to present the exclusive listing for a KFC located at 300 S Jefferson Avenue in Lebanon, Missouri. The site consists of roughly 3,454 rentable square feet of building space on estimated 0.59-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease, which July 31st, 2023. The current annual rent is $124,875 and is scheduled to increase by 2.00% annually through 2029 and then 1.50% annually throughout the remainder of the base term and in each of the 3, 5-year renewal options.

✓ Long Term 20-Year Absolute Triple Net (NNN) Lease
✓ New Lease Signed in July 2023
✓ Two Percent (2.00%) Annual Rental Increases Through Year 6
✓ One and a Half (1.50%) Annual Rental Increases for Remainder of the Lease
✓ Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
✓ Fee Simple Ownership

Key Details

Price:: $2,122,883
Cap Rate:: 6.00%
Annual Rent:: $127,373
Address:: 300 S Jefferson Ave, Lebanon, Missouri 65536
Property Type:: Retail
Lease Type:: Absolute Triple-Net (NNN)

Original Lease Term:: 200 Years
Lease Commencement:: August 31, 2023
Lease Expiration:: July 31, 2043
Lease Term Remaining:: 20 Years
Rental Increases:: 2% Annually Through 2029; 1.50% Annually for the Remainder of the Lease
Lot Size:: 0.59 Acres
Building Size:: 3,454 SF
Year Built:: 1994
Year Renovated:: 2019
Tenant:: KFC