March 11, 2024 – Jason Woods, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a dual concept KFC-Taco Bell in Bennington, Vermont. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,169,140.
The dual concept KFC-Taco Bell is located at 100 Northside Drive in Bennington, Vermont. KFC-Taco Bell has a long operating history at the location and signed a new, 10-year lease at the Property in 2021. The absolute triple-net lease currently has 7+ years of term remaining with four (4), 5-year renewal options. The lease includes attractive 7.5% rent increase every 5 years throughout the primary lease term and at the start of each renewal option. The KFC-Taco Bell lease is operated by Franchise Management Inc, a large franchisee with more than 340 units. The lease features a 75-unit guaranty. KFC-Taco Bell is situated at the signalized intersection of Northside Drive and Kocher Drive (State Highway 7A) and is just 0.2-miles from US Route 7. The area forms the primary retail corridor in the beautiful southwestern Vermont town of Bennington. The Property is within 1.5-miles of Mt Anthony Union High School and is surrounded by shopping centers and national retailers including Walmart Supercenter, Price Chopper, Aldi, CVS, and numerous national restaurants. Additionally, the retail center offers excellent frontage and visibility with a large pylon sign. The building is improved with a drive-thru, providing ease and convenience for customers.
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.