Listing Agency: Commercial Investment Advisors (CIA) - Corporate Show Phone

Listed By: Justin Zahn Show Phone

Source: Moodyscre

Added: Jan 20 Changed: Sep 15 Last Checked: Sep 15 at 5:27AM

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Investment Insights

Based on property information with market context.

Absolute NNN restaurant leasehold with over 14 years remaining on the initial 20-year absolute NNN lease. The lease includes rental escalations of 7.00% every 5 years, along with two additional 5-year renewal options.

The property is located at 2737 Veterans Ave, Vandalia, IL 62471 on a large 1.17-acre lot with prominent visibility along US-40/Veterans Avenue. Traffic counts include 11,116 CPD on US-40/Veterans Avenue, with additional exposure to 33,503 CPD, and the site is positioned just south of I-70.

The tenant is FQSR, LLC, the largest KFC franchisee in the U.S., and the parent company (KBP Foods) operates approximately 1,055 locations across 4 brands in 32 states. FQSR, LLC operates approximately 1,800 locations.

Key Highlights

• Over 14 years remaining on the initial 20‑year absolute NNN lease
• 7.00% rental escalations every 5 years plus two 5‑year renewal options
• 1.17‑acre lot with prominent visibility on US‑40/Veterans Avenue

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Electrical Service Garden Center Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11,116 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

122

Businesses Nearby

Explore this area Business Placement

Demographics for 62471, IL

10,530

Population

4,025

Households

2.6

Avg Household Size

40

Median Age

20%

College-Educated

88%

High-School Grad

128.2 sq mi

ZIP Area

82

Density / Sq Mi

$58,810

Median Household Income

$33,286

Median Earnings

$739

Median Rent

$119,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Absolute NNN lease with over 14 years remaining and scheduled rental escalations plus renewal options for a single-tenant restaurant concept.

Where is this nnn property located?

The property is located at 2737 Veterans Ave Vandalia, IL.

What is the asking price?

The asking price for this property is $1,827,000.

What are key features of this property?

This property features: Over 14 years remaining on the initial 20‑year absolute NNN lease; 7.00% rental escalations every 5 years plus two 5‑year renewal options; 1.17‑acre lot with prominent visibility on US‑40/Veterans Avenue