StackSource recently closed an acquisition loan for this single tenant net lease KFC in the town of Morton, IL, part of the Peoria, IL metropolitan area. KFC Corporation (a subsidiary of YUM! Brands, which also owns Taco Bell and Pizza Hut) signed a 10-year absolute NNN lease in September 2018 at this location.

The acquisition is the third single tenant net leased property acquired by a newly formed Florida investment group. Capital Advisor, Andrew Bouton, was able to negotiate a 4.65% fixed rate loan for 5 years based on a 20-year amortization and a 75% LTV. Longer amortization and lower rates are typically possible for similar net-lease deals that have either lower leverage (65-70% LTV) or a corporate tenant with a higher bond credit rating.