November 4, 2021 – Matthew Nadler of Horvath & Tremblay has successfully completed the sale of KFC & Taco Bell in Presque Isle, Maine. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,270,000.
KFC & Taco Bell is located at 808 Main Street in Presque Isle, Maine. This is a rare dual branded concept, featuring a brand new, 20-year, Absolute NNN Lease with two (2) 5-year renewal options. The property consists of a 3,369 square foot building, constructed in 1987 and remodeled in 2013, on a large 1.71-acre parcel of land. The lease calls for 7% rent increases every 5 years through the base term and the option periods. The KFC & Taco Bell lease is guaranteed by KBP Foods, the largest KFC Franchisee in the U.S. that operates over 750 locations in 30 states. The property is well located at the signalized intersection of Main Street and Maysville Street, which sees over 23,000 vehicles pass by per day. The location is part of a dominant retail corridor and is across the street from a Walmart Supercenter, with many other national tenants nearby including Lowe’s, Harbor Freight Tools, JCPenney, Dunkin’, Autozone, Arby’s, Tim Horton’s, Irving Oil, O’Reilly Auto Parts, Pizza Hut, and Dollar Tree.
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.