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    101 Baldridge Ln Salem, IL

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    For Sale
    $2,003,774

    NNN leased KFC in Salem, IL with annual rent increases.

    Property size:
    4,783 SF
    Lot size:
    1.11 Acres

    Property Features for 101 Baldridge Ln

    General Information

    Size
    4,783 SF
    Lot size
    1.11 Acres

    Source: Sands Investment Group (SIG) | California Agent Tyler Mcgarry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    KFC Restaurant Investment Opportunity

    This 4,783 square foot KFC property is available for sale in Salem, IL. The property benefits from its location near I-57 in a high-traffic retail corridor with over 150,000 vehicles passing daily. The surrounding area includes national and regional retailers such as Walmart, Dollar General, and McDonald’s. It is also near Salem Township Hospital and Kaskaskia College Salem Education Center. The lease features 1.5% annual rental increases throughout the initial term and option periods. The property operates under the KFC brand and benefits from the management of Tasty Chick’n, LLC, a subsidiary of Tasty Restaurant Group (TRG). TRG manages over 400 restaurants across brands including KFC, Pizza Hut, Burger King, Dunkin’, and Taco Bell and is an affiliate of Triton Pacific Capital Partners. With 160 KFC locations under their management, the combined strength of Tasty Restaurant Group and KFC provides stability.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Illinois
    Longitude
    -88.9456158
    Latitude
    38.6269929

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    FAQs

    What type of property is this?
    Drive through restaurant - NNN leased KFC in Salem, IL with annual rent increases.
    Where is this drive through restaurant located?
    The property is located at 101 Baldridge Ln Salem, IL.
    What is the asking price?
    The asking price for this property is $2,003,774.
    What are key features of this property?
    This property features: - Absolute NNN Lease: Secured investment with minimal landlord responsibilities.; - Strong Corporate Guarantee: Backed by Tasty Chick’n, LLC, a subsidiary of Tasty Restaurant Group (TRG).; - Strategic High-Traffic Location: Over 150,000 vehicles daily, excellent visibility, and proximity to I-57.
    (844) 474-4666
    Request Owner's contact information
    101 Baldridge Ln Salem, IL
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Baldridge Ln Salem, IL
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