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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1310 Walton Way Centralia, IL 62801

1,424 SF 0.74 ac lot Built 2024
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Total area 1,424 SF
Lot 0.74 ac (32,365 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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