KFC

This recently remodeled restaurant is located in the heart of Marion on the most prominent retail corridor in the city. Marion's population has increased by over 7% in just the last six years and has consistently been one of the fastest-growing communities in Iowa, making it a prime location for new investment and quality workforce.This nationally branded, passive income investment property has over ten years remaining with a lease guaranteed by one of the largest quick-serve restaurant franchisees in North America. The Absolute Net Lease structure of this deal makes this a true "mailbox money" opportunity. The tenant is committed to 5% rent increases every five years, inclusive of every 5-year renewal option. They have expressed their dedication to this location with an exterior renovation and brand new signage just last year.This former quick-service restaurant is ideal for another food-grade operator due to the value of the existing hood, kitchen buildout, and drive-thru window. With great visibility and easy access, this site is ideally located between the heavily traveled 6th and 7th Ave corridors, which serve as the primary connectors between Cedar Rapids and Marion.