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2470 N Doctor MLK Jr Dr, Milwaukee, WI, 53212

KFC
$715,000

Key Information

Cap Rate
7.86%
$ per SF
$275
Lot Size
0.52 Acres
Year Built
1990/R2021
Term Remaining
± 1.2 Years
Type
Retail
NOI
$56,214
Leasable Area
2,596

Highlights

  • Attractive Investment Opportunity: Priced competitively at a 7.86% Cap Rate, this KFC provides an investor with a stable income stream, featuring excellent 1.50% annual rental escalations throughout the remainder of KFC’s initial lease term.
  • Established Franchisee: This KFC is operated by Mitra QSR, a well-known national franchisee with 200+ KFC and Taco Bell units located in 15 states.
  • Low Price Point Opportunity: Rare opportunity to acquire a low price point KFC Drive-Thru investment opportunity for $715,000, which is the lowest priced KFC publicly available on the market.
  • Full Site Remodel in 2021: The tenant demonstrated a sign of commitment in 2021 with the full renovation, offering a “new look” for the site.
  • Absolute Triple Net Lease (NNN): Passive investment opportunity providing a Buyer with a hands-off ownership structure (Tenant is responsible for Roof /Structure, Taxes and Insurance).
  • Densely Populated Traded Area: There are ±419,782 residents within a 5-Mile Radius, allowing for a consistent consumer base.
  • Strategic Drive-Thru Location: The Property is strategically positioned on the hard signalized corner of Dr. Martin Luther King Jr. Drive and Wright Street, a prominent North-South arterial roadway just north of Downtown Milwaukee.
  • National Retailers: Major national retailers located within close proximity to the Property include: Walgreens, Burger King, BMO Bank, Checkers and McDonalds, amongst many others.

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

License # 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203