Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    KFC Absolute NNN Lease Title is generated by Realmo AI

    1500 Hamilton Blvd, Sioux City, IA 51103

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    New 15-year absolute NNN lease with rent increases.

    Type:Restaurant
    Property size:
    3,078 SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 5:24 am

    Property Features for 1500 Hamilton Blvd

    General Information

    Standard status
    Active
    Size
    3,078 SF
    Property subtype
    Restaurant

    We can help!

    Listing Contact
    Jon Ruzicka

    Listing agent Jon Ruzicka License #License(s) IA: B63379000

    Listing office

    Listing date Apr 3, 2026

    Source Marcusmillichap

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

    All listing content including descriptions, pricing, images are the copyrighted material of Jon Ruzicka

    HighLights

    • Absolute NNN 15 Year Lease with 8% increases every 5 years.
    • Lease guaranteed by 130+ Stores.
    • Newest KFC Image: Scraped and rebuilt in 2024.
    • Tenant is one of the largest KFC Franchisees in the Nation and the 2023 KFC Franchisee of the Year.
    • (4) 5 Year Renewal Options after the primary 15‑year lease term.
    • High sales location.

    Overview

    The property is located at 1500 Hamilton Boulevard in Sioux City, IA, approximately 95 miles north of Omaha, NE. The property is subject to a new absolute NNN 15-year lease with one of the largest KFC franchisees in the nation, recognized as the 2023 KFC Franchisee of the Year. The lease is guaranteed by 130+ stores, providing long-term stability with 8% increases every 5 years. There are four 5-year renewal options available after the primary 15-year lease term. The KFC location was rebuilt in 2024 to the newest KFC image due to high sales.
    Location Intelligence

    Current Use by Public Records

    KFC Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.416169
    Latitude
    42.506711

    Nearby Similar for Sale

    • $775,000

      Multi-Unit Office Building with Courtyard

      Well-maintained office building with convenient door-adjacent parking and unit-by-unit updates, plus a green courtyard.
      700 Jackson St., Sioux City, IA 51105
      View Details
    • $825,000
      6,625 SF

      Brick Multifamily Income Property

      13-unit brick residential income property with tenant-paid utilities and full occupancy.
      2429-47 Williams Ave., Sioux City, IA 51103
      View Details
    • $900,000

      Freestanding Single-Story Office Building

      Built in 1982 and zoned General Commercial, this freestanding building suits office and medical or owner-user configurations.
      303 W 24TH ST, Sioux City, IA 51104
      View Details
    • $1,200,000
      22,500 SF

      Downtown Sioux City Office Building

      Three-story commercial building in downtown Sioux City with parking.
      820 PIERCE ST, Sioux City, IA 51101
      View Details
    • $700,000

      Corner Mixed-Use Office/Retail Building

      Highly visible corner property with flexible two-floor layout and power capacity, well-suited for investment or owner-user use.
      501 Pearl Street, Sioux City, IA 51101
      View Details
    • $550,000

      Leased Nightlife and Retail Building

      Turnkey, multi-tenant building with two long-term leases positioned for income from day one.
      1923 Pierce Street, Sioux City, IA 51104
      View Details
    • $397,500

      Commercial Property in Sioux City, IA

      Well-located commercial property with proven rental income and future potential.
      4242 GORDON DR, Sioux City, IA 51106
      View Details
    • $2,600,000

      Fully Renovated Extended-Stay Hotel

      Modernized 71-room extended-stay facility with guest-friendly amenities, positioned directly across from airport expansion.
      6166 HARBOR DR, Sioux City, IA 51111
      View Details
    • $315,000

      Corner Lot Office Building

      Move-in ready office building with remodeled upper floor, private parking, and multiple private offices.
      623 Jackson Street, Sioux City, IA 51101
      View Details
    • $289,900
      3,892 SF

      Fully Rented 4-Plex with Updated Systems

      Well-maintained, fully rented 4-plex with 2022 roof and siding plus multiple newer furnaces and a unit mini-split.
      505 17TH Street, Sioux City, IA 51105
      View Details
    • $207,000
      1,584 SF

      Updated Triplex in Sioux City

      Well-maintained triplex with updated units, ideal for investment.
      518 S Helen St., Sioux City, IA 51106
      View Details
    • $230,000
      2,772 SF

      Fully Rented Triplex Investment

      Well-kept triplex with spacious, clean units and long-term tenants, making it a strong income-focused addition or starter investment.
      1215 FLOYD BLVD, Sioux City, IA 51104
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - New 15-year absolute NNN lease with rent increases.
    Where is this drive through restaurant located?
    The property is located at 1500 Hamilton Blvd Sioux City, IA.
    What are key features of this property?
    This property features: Absolute NNN 15 Year Lease with 8% increases every 5 years.; Lease guaranteed by 130+ Stores.; **Newest KFC Image: Scraped and rebuilt in 2024.**
    (952) 852-9700
    We can help!
    Listing Contact
    Jon Ruzicka
    Real Estate License ID: License(s) IA: B63379000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1500 Hamilton Blvd, Sioux City, IA 51103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!