KFC NNN Property For Sale — Cedar Falls, IA
6104 University Ave, Cedar Falls, IA
This KFC property presents an exceptional opportunity for investors seeking a stable, passive income stream. With approximately 11 years remaining on an absolute NNN lease, the tenant bears responsibility for all taxes, insurance, and maintenance expenses. The property recently underwent comprehensive remodels in 2016 and 2022, ensuring a modern and appealing aesthetic. The tenant, Franchise Management Investors US, LLC, operates 55 KFC units and maintains a portfolio of over 400 additional quick-service restaurants across North America, demonstrating strong operational experience. Strategically located on University Avenue, the property benefits from high traffic counts exceeding 24,248 vehicles per day and is in close proximity to the University of Northern Iowa, with an enrollment of o…
- Address: 6104 University Ave, Cedar Falls, IA
- Asking price $1.23M
- 7.38% cap rate
- NOI $90,405
- 11 years remaining
- NNN lease
- Year built: 2004
- Building size: 2,520 SF
- Lot size: 0.61 acres
- Lease expiration: Nov 30, 2036
- Rent increases: 12/1/2026 - 11/30/2027: 1.50%; 12/1/2027 - 11/30/2028: 1.50%; 12/1/2028 - 11/30/2029: 1.50%; 12/1/2029 - 11/30/2030: 1.50%; …
- Guarantor: Corporate
Location
This KFC property is at 6104 University Ave in Cedar Falls, Iowa.
Asset type: QSR