302 Jackson St, Mexico, MO 65265-2752

Property Details for 302 Jackson St

Year built

2022

Lot size

0.31 lot acres

Property type

Drive through restaurants

APN

19-7-26-1-046-001

APU

197261046001

Description

This fee-simple investment presents a rare opportunity to acquire a brand-new (2022) 1,925 square foot KFC restaurant in Mexico, Missouri. Located on a 0.31-acre lot, this Class A property boasts a strong 17.5-year remaining lease term (expiring May 30, 2042) with a reputable franchisee, AMPEX Brands of St. Louis 2, Inc., operating under an absolute NNN lease structure. The lease includes attractive 7.5% rent increases every five years and three, five-year renewal options, ensuring consistent cash flow. The property generates a substantial NOI of $94,355, representing a 6.29% cap rate and a price per square foot of $779.22. This prime downtown location is surrounded by national tenants including Taco Bell, Pizza Hut, Domino's Pizza, Casey's, Ace Hardware, Walgreens, and O'Reilly Auto Parts, ensuring high visibility and foot traffic. Its proximity to Mexico High School and the Missouri Military Academy provides a consistent customer base. The property also benefits from being the only fast-food chicken concept within a 30-mile radius. With 16 parking spaces and a 100% occupancy rate, this investment offers exceptional stability and growth potential. The property features 1 building and ample parking.

Location Insight

City

Mexico

County

Audrain

State

Missouri

Longitude

-91.885

Latitude

39.172

CBSA code

33020

CBSA name

MEXICO, MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments