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Tasty Chick’n LLC
101 Baldridge Lane, Salem, IL 62881, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,783 SF KFC Absolute NNN Asset Located at 101 Baldridge Lane in Salem, IL. The Lease Features 1.5% Annual Rental Increases Throughout the Initial Term, and in the Option Periods, Steadily Increasing NOI And Hedging Against Inflation, Providing For a Secured Investment.
20-Year Absolute NNN | Scheduled Rent Increases & Options | Experienced Operator:
- Strong 160+ Unit Corporate Guarantee From Tasty Chick’n, LLC: A Subsidiary of Tasty Restaurant Group (TRG), a Premier Franchise Operator Managing Over 400 Restaurants Across Top-Tier Brands, Including KFC, Pizza Hut, Burger King, Dunkin’ and Taco Bell; TRG is an Affiliate of Triton Pacific Capital Partners
- Brand Strength: Operating Under the Globally Recognized KFC Brand, This Location Benefits From TRG’s Extensive Experience and Market Presence; With 160 KFC Locations Under Their Management, the Combined Strength of Tasty Restaurant Group and KFC Provides Unparalleled Stability, Making This an Attractive and Secure Investment
- Rent Increases & Options: The Lease Features 1.5% Annual Rental Increases Throughout the Initial Term, and in the Option Periods, Steadily Increasing NOI and Hedging Against Inflation
Prime Salem, IL Location | High-Visibility Retail Corridor:
- Strategic Salem Location: With Over 150,000 Vehicles Daily Passing the Store, This KFC Benefits From Excellent Visibility and Accessibility, Positioned Near 1-57 and a High-Traffic Retail Corridor; It’s Convenient Location Ensures a Steady Flow of Customers, Reinforcing Its Value as a Long-Term Investment
- Proximity to Major Economic Drivers: The Property is Located Near Salem Township Hospital, Kaskaskia College Salem Education Center and Other Key Employers, Which Contribute to a Strong and Stable Customer Base; Additionally, Salem Serves as a Regional Hub For Surrounding Communities, Driving Consistent Foot Traffic
- Retail Synergy & Established Trade Area: This KFC is Surrounded By a Mix of National and Regional Retailers, Including Walmart, Dollar General and McDonald’s, Which Drive Significant Foot Traffic and Enhance Long-Term Viability
Strong Demographics | Proven Market Performance:
- Growing Trade Area: The Salem Area Boasts a Population of Over 14,000 Residents Within a 5-Mile Radius, With an Average Household Income Exceeding $65,000; These Strong Demographics Provide a Solid Foundation For Sustained Tenant Success
- Established Success and Community Presence: This KFC Location Has a Long-Standing Presence in the Salem Community, Benefiting From Strong Brand Recognition and Consistent Sales Performance; The Combination of a Long-Term Lease and Annual Rent Increases Makes This Property a Proven and Secure Investment Opportunity
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman Lic. IL #471021429
Tasty Chick’n LLC
101 Baldridge Lane, Salem, IL 62881, USA
TASTY RESTAURANT GROUP
Tasty Restaurant Group, LLC, operates as a vertically integrated quick-service restaurant operator, bringing extensive leadership experience and specialized skills in managing, developing, and acquiring restaurant investments. Acting as the management entity for Triton Pacific’s portfolio companies, Tasty Restaurant Group’s leadership team averages over 20 years of industry expertise, having overseen operations for nearly 10,000 franchisee and franchisor locations. Tasty Restaurant Group, LLC, an affiliate of Triton Pacific Capital Partners is headquartered in Dallas, TX, and operates over 400 restaurants under the Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Kentucky Fried Chicken and Taco Bell brands.
Similar Listings
Price
$2,003,774
Cap Rate
6.00%
PREMISES
4,783 SF
RENEWAL OPTIONS
4 x 5 Years Options
Lease Expiration
09/30/2044
Lease Type
Absolute NNN
RENTAL INCREASES
4 x 5 Years Options
BROKERS
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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