217 Us-54 Bus, Fulton, MO 65251

This exceptional investment opportunity presents a fee-simple interest in a newly constructed (2022) KFC restaurant located in Fulton, Missouri. The property encompasses a 2,586 square foot building situated on a 1.43-acre lot at 217 US-54 BUS, 65251. The property benefits from a 20-year absolute NNN lease with AMPEX Brands of St. Louis 3, Inc., commencing December 22, 2022, and expiring December 30, 2042, leaving 18.1 years remaining. The lease includes a 7.5% rent increase every five years and three, five-year renewal options, ensuring consistent and growing income. The current annual net operating income (NOI) is $131,990, representing a 6.30% cap rate on the $2,100,000 asking price ($812.06 per square foot). This prime location is in a college town, boasting proximity to William Woods University, Westminster College, and Fulton State Hospital, along with other national brands like McDonald's, Scooter's Coffee, and Subway. The nearest competing KFC is 24 miles away, providing a significant competitive advantage. The property's strong performance since its December 2022 opening, coupled with the long-term lease and built-in rent escalations, makes this a compelling investment opportunity. The single-tenant occupancy is currently at 100%.