302 Jackson St Mexico, MO 65265-2752
- Drive through restaurants
- 1,764 SF
- 0.31 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 302 Jackson St
- Year built
- 2022
- Lot size
- 0.31 lot acres
- Property size
- 1,764 SF
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mexico
- County
- Audrain
- State
- Missouri
- Longitude
- -91.885
- Latitude
- 39.172
- CBSA code
- 33020
- CBSA name
- MEXICO, MO MICROPOLITAN STATISTICAL AREA
