KFC has a brand new 20-year Absolute NNN lease with 5% rental escalations every 5 years and two 4-year and 11-month renewal options. The tenant, KBP Foods (the largest KFC franchisee in the US) operates 687 locations in 23 states (16% of locations in US system) and will generate sales in excess of $780 million in 2018 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations. This location has been successfully open and operating for decades with an attractive 7.50% rent-to-sales ratio and is slated for remodel by yearend 2020 (est.).
KFC is located in Connellsville, Pennsylvania on Memorial Drive (US 119 – Main North/South thoroughfare) with high drive-by visibility. This asset is 1.5 miles from Highlands Hospital (64 beds) and less than 4 miles from nearby retailers including Walmart Supercenter, Martin Foods, Dollar Tree, Family Dollar, Ace Hardware, AutoZone, Advance Auto Parts, Rite Aid, etc.
*In Association with Pennsylvania Local Broker: Brian Brockman, Bang Realty #RM423816