KFC | Long John Silver’s

London, OH

Price $1,802,000
Cap Rate 5.55%
TYPE Single-Tenant
STATUS Under Contract
Tenants KFC | Long John Silver's
LEASE TYPE Absolute NNN
SQUARE FEET 2,405
PRICE/SQ FT $749
YEAR BUILT 1997 | 2017
LEASE EXP. 4/30/2038
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Bryan King, King Realty Advisors
Missouri Local Broker #2008036027

Property Description

KFC/Long John Silver’s has a brand new 20 year Absolute NNN lease with 5% rental escalations every 5 years and two 5 year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US, operating 581 locations in 23 states and will generate sales in excess of $650M in 2018. The location has been open and operating since 1995 with an attractive 8.62 rent-to-sales ratio.

The subject property is located in London, Ohio, on a hard corner with high drive-by visibility. The property is located half a mile from Madison Health. Nearby retailers include Walmart Supercenter, Kroger, Tractor Supply Co, Family Dollar, Dollar General, Rent-A-Center, Peebles, Anytime Fitness, Sherwin-Williams, CVS Pharmacy, O’Reilly Auto Parts, AutoZone, Advance Auto Parts, Verizon, Cricket Wireless, and Boost Mobile.

*In Association with Ohio Local Broker: Weade Realtor & Auctioneers, LL

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with 5% Rental Escalations every 5 Years
  • Successfully Open & Operating since 1995 with an Attractive 8.62% Rent-to-Sales Ratio!
  • High Drive-by Visibility Situated on a Hard Corner where Traffic Counts Exceed 13, 260 CPD
  • Tenant: KBP Foods - The Largest KFC Franchisee in the U.S.) Operates 581 Locations in 23 States (13% of Locations in U.S. System) and will Generate Sales in Excess of $650 Million in 2018
  • Fully Renovated in 2017 to the Latest “American Showman Prototype” (Est. Cost in Excess of ±$200,000)
  • Total Population: 31,592 | Avg HH Income: $77,509