514 Commercial StHarrisburg, IL 62946

This exceptional investment opportunity presents a free-standing, 7,298 square foot KFC restaurant located at 514 S Commercial St, Harrisburg, IL 62946. The property sits on a 1.42-acre lot at a signalized intersection with over 20,500 vehicles per day, boasting high visibility and accessibility. This absolute triple-net (NNN) lease offers a 20-year term commencing September 30th, 2024, and expiring September 29th, 2044, with four 5-year renewal options. The lease includes annual rent increases of 1.50% starting in year seven. The tenant, Tasty Chick'n Midwest, LLC, is backed by an 80-unit operator guarantee, providing significant financial security. This KFC location significantly outperforms average systemwide sales, ranking in the 97th percentile (101st out of 3,082) among KFC locations tracked by Placer.ai and was ranked the 4th best KFC by FastCompany (August 2024). The property benefits from a strong surrounding retail environment, including a Walmart Supercenter (over 2 million visits in the past year), McDonald's, Sonic, Taco Bell, Dairy Queen, and Dollar General. The asking price is $3,269,000, representing a cap rate of 5.80% and a price per square foot of $447.93. The current Net Operating Income (NOI) is $189,602. This is a rare opportunity to acquire a high-performing, net-leased KFC in a prime location with a long-term lease and strong tenant.