514 Commercial St, Harrisburg, IL 62946-2329

This exceptional investment opportunity presents a freestanding KFC restaurant in Harrisburg, Illinois, boasting a new 20-year absolute triple-net (NNN) lease commencing October 1st, 2024, and expiring September 30th, 2044. The 7,298 square foot property sits on a 1.42-acre lot and is strategically located at a signalized intersection with high visibility and traffic volume exceeding 20,500 vehicles per day. The tenant, Tasty Chick'n Midwest, LLC, is backed by a strong 80-unit guarantor, Tasty Chick'n, LLC, ensuring financial stability. This KFC location significantly outperforms average systemwide AUV sales, ranking among the top KFC restaurants nationally. The lease includes 1.50% annual rent increases beginning in year seven and four five-year renewal options, providing long-term income security. The property's prime location is complemented by nearby national retailers, including Walmart, McDonald's, and others, further enhancing its appeal and potential for continued success. With a current NOI of $189,602 and a cap rate of 5.80%, this property offers a compelling investment opportunity with significant upside potential. The asking price is $3,269,000, translating to $447.93 per square foot. This is a rare chance to acquire a high-performing, established QSR property with a long-term lease and a strong tenant.