October 16, 2019 – Kyle Danielson and Matthew Nadler of Horvath & Tremblay have successfully completed the sale of a KFC in Dorchester, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,100,000, a cap rate of 5.48%.
The KFC is located at 465 Washington Street in Dorchester. KFC has a new 20-year absolute triple net lease. The lease is guaranteed by a large franchisee operating group who currently operates over 50 KFC locations. KFC has enjoyed a long operating history at this site. As a commitment to this location, KFC recently underwent extensive renovations to update the façade and interior of the restaurant reflecting KFC’s modern branding. The property is located in an urban, infill location with strong demographics. There are over 60,000 people within a one-mile radius, and a 286,000 people within a 3-mile radius of the property.
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.