KFC/Long John Silver’s

Bowling Green, OH

Price $1,620,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Closed
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 2,872
PRICE/SQ FT $564
YEAR BUILT 2004 | 2018
LEASE EXP. 12/31/2038
LISTING AGENT Justin Zahn
480-718-5555
justin@ciadvisor.com
Branen L. Weade, Weade Realtors & Auctioneers, LLC.
Ohio Local Broker #2010000811

Property Description

KFC has a brand new 20 year Absolute NNN lease with 7% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods is the largest KFC franchisee in the US with 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 2004 with an 8.0% rent to sales ratio and was recently remodeled to the “American Showman” prototype in 2018 – showing the tenants commitment to the location.

KFC is located in Bowling Green, Ohio just off a heard corner with excellent drive by visibility. Nearby retailers include: Walmart Supercenter, The Home Depot, Meijer, Kroger Marketplace, ALDI, Elder-Beerman, Sears, Maurices, T.J. Maxx, Dollar Tree, Dollar General, Sears Hometown Store, Petco, Staples, Dunham’s Sports, Goodwill, Shoe Sensation, NAPA Auto Parts, AutoZone, O’Reilly Auto Parts, Sprint Store, Walgreens, Cinemark, Anytime Fitness, Family Farm & Home. This asset is less than one mile from Bowling Green State University (enrollment of 17,102) and 2 miles from Wood County Hospital | Bowling Green Hospital (196 beds).

*In Association with Ohio Local 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 2004 with an 8.0% Rent-to-Sales Ratio!
  • Situated just off the Hard Corner with Great Drive-By Visibility on Major North/South Thoroughfare where Traffic Counts Exceed 21,900 CPD!
  • 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)
  • Recently Remodeled to the “American Showman” Prototype in 2018- Showing Tenants Commitment to the Location!
  • Demographics (5 MI): Total Population: 36,088 | Avg HH Income: $65,931