KFC | A&W

Eaton, OH

Price $1,742,000
Cap Rate 5.65%
TYPE Single-Tenant
STATUS Under Contract
Tenants KFC | A&W
LEASE TYPE Absolute NNN
SQUARE FEET 4,972
PRICE/SQ FT $350
YEAR BUILT 2001 | 2017
LEASE EXP. 12/31/2038
LISTING AGENT Justin Zahn
480-718-5555
justin@ciadvisor.com
Branen L. Weade, Weade Realtors & Auctioneers, LLC.
Ohio Local Broker #2010000811

Property Description

KFC/A&W has a brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years and 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 since 2001 with an 8.0% rent-to-sales ratio and was recently remodeled in 2017 – showing the tenants commitment to the location.

KFC/A&W is located in Eaton, Ohio on the main north/south thoroughfare with great drive-by visibility. Nearby retailers include: Walmart Supercenter, Lowe’s Home Improvement, Kroger, JOANN Fabrics, ALDI, Rite Aid, Walgreens, Dollar Tree, Dollar General, Family Dollar, Goodwill, Ace Hardware, Rent-A-Center, NAPA Auto Parts, Advance Auto Parts, O’Reilly Auto Parts. The subject location is 1.5 miles from ProMedica Memorial Hospital (186 beds).

*In Association with Ohio Local Broker: Branen L. Weade, Weade Realtors & Auctioneers, LLC #2010000811

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7% Rental Escalations every 5 Years
  • Successfully Open & Operating Since 2001 with a 8.00% Rent-to-Sales Ratio!
  • Great Drive-by Visibility on Main North/South Thoroughfare on N Barron St where Traffic Counts Exceed 16,400 CPD!
  • 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)
  • Recently Remodeled in 2017 – Showing Tenant’s Commitment to the Location!
  • 2018 Demographics (5-MI): Total Population: 28,410 | Avg HH Income: $59,673