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