Route 59 KFC: Are You Interested In Buying This Property?

Joliet IL

20 May, 2022

2:32 PM

Description

JOLIET, IL — If you've ever entertained the idea of owning land with a KFC fast-food restaurant as your tenant, an opportunity has just arisen on Joliet's far west side along Route 59. The land occupying the KFC restaurant at 2221 Route 59 is now for sale. The asking price is $1,418,290. The Orion Real Estate Group is the broker for the property. According to the listing on LoopNet, KBP Foods is the largest KFC franchisee in the U.S. with more than 800 locations in 28 states. "The tenant just signed a brand new 10-year lease with an initial rent of $60,277 and 10% rental escalations every five years there after including the three 5-year option periods."