1310 Walton WayCentralia, IL 62801

Property Details for 1310 Walton Way

Year built

2024

Lot size

0.74 AC

Property size (Sq ft)

1,424 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 1,424 square foot KFC restaurant in Centralia, Illinois. Located on a 0.743-acre lot, this property boasts a prime location on a Walmart pad site within a dominant retail corridor, enjoying high visibility and accessibility with 13,268 cars passing daily. The building, constructed in 2024, features KFC's innovative drive-thru/walk-up prototype design, maximizing efficiency and customer convenience. The property is offered as a fee-simple ownership, including both the building and land. The absolute NNN lease with FQSR, LLC (the largest KFC franchisee in the U.S.), runs until November 30, 2044, offering a substantial 20-year remaining term. Rent increases are built in, with a 7% bump every five years, ensuring consistent income growth. Two five-year renewal options further enhance the long-term value of this investment. The property's strong demographics, including an average household income of $88,840 within one mile and a total population of 18,972 within five miles, contribute to its exceptional potential. The current Net Operating Income (NOI) stands at $104,000, yielding a 5.85% cap rate. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a nationally recognized tenant and a secure long-term lease. The property is zoned C and offers a single unit within a single-story building.

Location Insight

City

Centralia

County

Clinton

State

Illinois

Latitude

38.5285

Longitude

-89.1317

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