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