KFC has a 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 581 locations in 23 states and will generate sales in excess of $650 Million in 2018! This location has been open and operating for decades with an attractive 7.50% rent-to-sales ratio. This KFC is slated for a substantial remodel by 2018, further solidifying the tenant’s commitment to the site.
The subject property is located in Fairmont, West Virginia, with high drive-by visibility off the hard corner. KFC sits 2.5 miles from Fairmont State University, a public university with over 80 programs or study and 5 graduate degree programs with a total enrollment of 4,049 students. The property is also 3 miles from Fairmont Regional Medical Center. Nearby retailers include Dollar General, Shop ‘n Save, Family Dollar, Advance Auto Parts, Gabe’s, Food Lion, Big Lots, Walmart Supercenter, Save-A-Lot, Shop ‘n Save, Sears Hometown, Aaron’s, Ace Hardware & Contractor Supply, etc.
*In Association With West Virginia Local Broker: Greenfield & Craun Commercial