February 16, 2021 – Luke Thomson of Horvath & Tremblay has successfully completed the sale of KFC in Barre, Vermont. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,095,146, a 5.15% Cap Rate.
KFC is located at 332 Barre-Montpellier Road in Barre, Vermont. KFC enjoys a long history at this site and as a commitment to this location, KFC executed a new 15-year Absolute NNN lease with four, 5-year option periods. The stand-alone building consists of 3,500 square feet and sits on a 1.10-acre lot, and benefits from a drive-thru. The lease calls for 7.5% rent increases every five years throughout the base term and option periods. The property is well located, with excellent visibility, signage and access, and is positioned across from a Price Chopper anchored shopping center. Additionally, the location enjoys close proximity to two area colleges with a combined enrollment in excess of 20,000 students, and the Montpelier High School.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.