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