KFC/Long John Silver’s

Amelia, OH

Price $2,216,000
Cap Rate 5.75%
TYPE Single-Tenant
STATUS Under Contract
Tenants KFC | Long John Silver's
LEASE TYPE Absolute NNN
SQUARE FEET 3,607
PRICE/SQ FT $614
YEAR BUILT 2012
LEASE EXP. 12/31/2038
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Branen L. Weade, Weade Realtors & Auctioneers, LLC.
Ohio Local Broker #2010000811

Property Description

KFC/Long John Silver’s has a brand new 20-year Absolute NNN Lease with attractive 7% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US, operating 687 locations in 23 states and will generate sales in excess of $780 million in 2019. This asset has been successfully open and operating since 2012 with an 8.0% rent-to-sales ratio.

KFC/Long John Silver’s is located in Amelia, Ohio on a large 1.15 acre parcel along Waterford Parkway with excellent driveby visibility. Near by retailers include: Family Dollar, Kroger Marketplace, Petco, Rent-A-Center, Advance Auto Parts, AutoZone, GNC, T-Mobile, McDonald’s, Arby’s, Taco Bell, Burger King, Dunkin’ Donuts, Jersey Mike’s, DQ Grill & Chill, Freddy’s Frozen Custard & Steakburgers, Pierce Point Cinema 10, Lowe’s Home Improvement, The Home Depot, Target, Kroger, ALDI, Shoe Carnival, TJ Maxx, Staples, Harbor Freight, Big Lots, Gabe’s, Walmart Supercenter, Sam’s Club, Hobby Lobby, Kohl’s, Meijer, Burlington, Ashley HomeStore, Best Buy, Dick’s Sporting Goods, Sears, JCPenney, Marshalls, H&M, Dollar Tree, Michaels, JOANN Fabrics, Stein Mart, Five Below, ULTA Beauty, DSW, HomeGoods, Kirkland, Party City, OfficeMax, Value City Furniture, etc.

*In Association with Ohio Licensed Broker: Branen L. Weade, Weade Realtors & Auctioneers, LLC #2010000811

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7% Rental Escalations Every 5 Years
  • Successfully Open & Operating Since 2012 with an 8.0% Rent-to-Sales Ratio!
  • 2018 Demographics: Total Population (5-MI): 91,052 | Avg HH Income (1-MI): $90,894
  • KBP Foods (the largest KFC franchisee in the U.S.) Operates 687 Locations in 23 States (16% of Locations in U.S. System) and will Generate Sales in Excess of $780 Million in 2019 (FQSR, LLC is the Tenant on the Lease, Encompasses All Restaurant Locations)
  • Situated on a Large ±1.15-Acre Parcel Along Waterford Pkwy where Traffic Counts Exceed 43,300 CPD!