KFC

Alexandria, KY

Price $1,549,000
Cap Rate 5.65%
TYPE Single-Tenant
STATUS Available
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 2,176
PRICE/SQ FT $711
YEAR BUILT 1983 | 2018
LEASE EXP. 12/31/2038
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Brian Brockman, Bang Realty, Inc.
Kentucky Local Broker #204982

Property Description

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

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7% Rental Escalations every 5 Years
  • Successfully Open & Operating for Decades with an 8.0% Rent-to-Sales Ratio! Recently Remodeled to the “American Showman” Prototype in 2018 – Showing Tenant’s Commitment to the Location!
  • Demographics: Total Population (5-MI): 31,133 | Avg HH Income (1-MI): $96,936! | Population Growth (2010-2018) 1-MI: 9.66%
  • KBP Foods (the largest KFC franchisee in the U.S.) Operates 687 Locations in 23 States (16% of Locations in U.S. System) and will Generate Sales in Excess of $780 Million in 2019 (FQSR, LLC is the Tenant on the Lease, Encompasses All Restaurant Locations)
  • Great Drive-By Visibility on Alexandria Pike (Main North/South Thoroughfare) where Traffic Counts Exceed 30,540 CPD!