KFC has a brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years with two 5-year renewal options. The tenant, KBP foods is the largest KFC franchisee in the US with 687 locations in 23 states and will generate sales in excess of $780 million in 2019. This asset has been successfully open and operating for decades with an 8.0% rent-to-sales ratio and was recently remodeled to the “American Showman” prototype in 2018.
KFC is located in Alexandria, Kentucky on the main north/south thoroughfare with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, Meijer, The Home Depot, Kohl’s, Kroger, Dunham’s Sports, Tuesday Morning, Dollar Tree, Tractor Supply Co., O’Reilly Auto Parts, AutoZone.
*In Association with Kentucky Local Broker: Brian Brockman, Bang Realty, Inc. #204982