KFC

Grafton, WV

Price $1,614,000
Cap Rate 5.80%
TYPE Single-Tenant
STATUS Closed
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 2,862
PRICE/SQ FT $563
YEAR BUILT 2008
LEASE EXP. 2038
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Gillian Greenfield, CCIM, Greenfield & Craun Commercial
West Virginia Local Broker #225064152

Property Description

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

Property Highlights

  • Brand New 20 Year Absolute NNN Lease with 5% Rental Escalations every 5 Years
  • Successfully Open & Operating since 2008 with an Attractive 7.80% Rent-to-Sales Ratio!
  • Situated just Off the Hard Corner with High Drive-by Visibility on the Main East/West Thoroughfare (N Pike St) where Traffic Counts Exceed 11,820 CPD
  • Tenant: KBP Foods - The largest KFC Franchisee in the US, Operates 581 Locations in 23 States & Will Generate Sales of $650M+ in 2018
  • Fully Renovated in 2017 to the Latest “American Showman Prototype” (Est. Cost in Excess of ±$200,000)
  • Demographics (10 MI): Total Population: 24,083 | Avg HH Income: $64,581