KFC has a brand new 20 year Absolute NNN lease with 5% rental escalations every 5 years with two 5 year renewal options. The tenant, KPB Foods, is the largest KFC franchisee in the US operating 599 locations in 23 states and will generate sales in excess of $650 million in 2018! This location has been open and operating since 1997 with an attractive 8.53% rent to sales ratio. This location is slated for remodel by yearend 2020, further solidifying the tenant’s commitment to the site
KFC is located in Delaware, OH, just off a hard corner with high drive-by visibility. This property is located adjacent to Ohio Wesleyan University with enrollment over 1,600 and 2 miles from OhioHealth Grady Memorial Hospital. Nearby retailers include Family Dollar, Dollar General, Pat Catan’s, Walgreens, CVS Pharmacy, AutoZone, NAPA Auto Parts, Walmart, Sears Home Town Store, Kroger, Meijer, Kohl’s, CATO Fashions, Sally Beauty, Office Depot, ALDI, Pet Supplies Plus, Goodwill, Dollar Tree, Verizon, AT&T, etc.
*In Association with Ohio Local Broker: Weade Realtors & Auctioneers, LLC