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 since 2008 with an attractive 7.80% rent-to-sales ratio. This KFC is situated on a large 1.198 acre parcel and was fully renovated in 2017 to the latest “American Showman Prototype” costing the tenant an estimated $200,000.
KFC is located in Grafton, West Virginia, just off of the hard corner with high drive-by visibility. The subject property is just 1 mile from Grafton City Hospital. Nearby retailers include Walmart, Goody’s, Dollar General, Dollar Tree, Save-A-Lot, Rite Aid, Walgreens, Napa Auto Parts, etc.
*In Association With West Virginia Local Broker: Greenfield & Craun Commercial