Property ID #: 1255
Tenant Name: KFC
Street Address:
City: Fort Madison
State: IA
Zip: 52627


The KFC Corporation based in Louisville, Kentucky, is one of the few brands in America that can boast a decades-long history of success and has been operating for more than 70 years. Currently, KFC operates more than 20,000 outlets, of which, around seven percent are franchisee owned. Harland Sanders, an honorary Kentucky Colonel, founded Kentucky Fried Chicken in 1930 in the small front room of a gas station in Corbin, Kentucky. The Colonel actively started franchising in 1952. PepsiCo then acquired Kentucky Fried Chicken in 1986, and in 1997, they announced the spin-off of its Quick-Service Restaurantss - KFC, Taco Bell, and Pizza Hut now known as Yum! Brands, Inc. Headquartered in Louisville, Kentucky, the KFC menu includes their popular Crispy Kentucky Grilled Chicken® and Extra Crispy™ Tenders with home-style sides, Hot Wings™ pieces and freshly made chicken sandwiches. KFC is owned by Yum! Brands. Other QSRs under the Yum! Brands banner include Pizza Hut and Taco Bell. KFC reported 7% growth in worldwide sales in 2016. KFC plans to couple a return to the basics with a push on the digital front and delivery. Yum! Brands is ranked number 218 on the Fortune 500 list, with revenues exceeding $6 billion in 2016.

Sector: Quick-Service Restaurants (QSR)


Fort Madison is a city and a county seat of Lee County, Iowa, United States along with Keokuk. Of Iowa’s 99 counties, Lee County is the only one with two county seats. The population was 11,051 at the 2010 census. Located along the Mississippi River in the state’s southeast corner, it lies between small bluffs along one of the widest portions of the river


Price: $1,919,317
Cap Rate: 6.15
Price PSF: N/A
Rent PSF: N/A
Credit Rating (S&P): BB


Lease Type: NNN
Years Remaining: 17.1
Initial Term Increases: 1.50% Annually
Initial Term Lease Begin: 2016-11-15
Initial Term Lease Expiration: 2036-11-30
Renewal Options: One, 10 Year
Option Increases:
Rent Holidays:


Type of Ownership: Fee Simple
Year Built: 2000
Year Remodeled :
Tenancy :
Gross Leasable Area (GLA):
Building Size (SFT) :
Lot AC : 0.45


3-Mile: 11602
5-Mile: 13049
Average Household Income
1-Mile: 0.00
3-Mile: 58045.00
5-Mile: 58942.00


Reserve This 1031 Now