KFC Single-Tenant Investment — Riga

The opportunity comprises a newly commissioned standalone KFC restaurant at Krasta Street 83 in Riga. The approximately 312 sqm building stands on about 1,850 sqm of land and is leased to Apollo Group OÜ, the KFC franchise operator in the Baltics. Annual contractual rent is EUR 159,000.

The investment combines a modern income-producing property with a long-term single-tenant lease. The lease runs from December 2025 to December 2035 on a triple-net basis, with annual indexation linked to average EU inflation and capped at 2.5%. The tenant has no contractual early-termination right before expiry. The structure also includes a group guarantee and a security deposit equal to two months' rent.

The property is intended to be acquired by a dedicated Latvian SPV for EUR 2.1 million. The proposed equity structure is based on six investors contributing from EUR 150,000 each. Indicative bank financing is up to 60% loan-to-value, with pricing of 2.75% plus Euribor, a five-year loan term and a 20-year amortisation schedule, subject to final credit approval, valuation and AML review. RigaInvest coordinates the SPV, investor onboarding, banking, administration and immigration support through qualified professional partners. The operating structure is designed to satisfy the applicable Latvian business-activity and tax-payment requirements for eligible residence permit applicants.

The investment is supported by EUR 159,000 of annual contractual rent under a 10-year triple-net lease. Investor distributions depend on rental income, financing costs, operating expenses and available distributable profit and are not guaranteed. The planned exit is a future sale of the property, with net proceeds distributed according to the SPV's shareholder arrangements; RigaInvest may facilitate or participate in a buyout but has no obligation to do so.