Current Use by Public Records
- Retail properties & Spaces
Property Details for 1310 Walton Way
- Year built
- 2024
- Lot size
- 0.74 lot acres
- Property type
- Retail properties & Spaces
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Centralia
- County
- Clinton
- State
- Illinois
- Longitude
- -89.1317
- Latitude
- 38.5285
