1303 State St, Jerseyville, IL 62052-3603

This exceptional investment opportunity presents a fee-simple interest in a newly constructed (2022), 1,901 square foot KFC restaurant located in Jerseyville, Illinois. Situated on a 0.81-acre lot, this property benefits from a prime location directly across from a Walmart Supercenter, ensuring high visibility and traffic. The property is part of a thriving retail area with other national brands such as AT&T, AutoZone, Taco Bell, Dollar Tree, Great Clips, US Cellular, Burger King, and Arby's. The tenant, operating under a 20-year absolute triple-net (NNN) lease commencing January 24, 2023, and expiring January 31, 2043, provides a secure, long-term investment with 18.2 years remaining. The lease includes a 7.5% rent increase every five years and three, five-year renewal options, guaranteeing consistent income growth. The property boasts a 6.20% cap rate and a net operating income (NOI) of $115,015, with an asking price of $1,855,000 ($975.80 per square foot). The franchisee operates 24 locations in Missouri and Illinois, providing financial stability. This location's proximity to a major retailer and its distance from other KFC locations (approximately 18 miles) contribute to its strong performance since opening in January 2023. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a desirable location.