KFC has a new 20 year Absolute NNN lease with 5% rental escalations every 5 years with two 5 year renewal options. The tenant, KPB Foods, is the largest KFC franchisee in the US operating 581 locations in 23 states and will generate sales in excess of $650 Million in 2018! This location has been open and operating since 1970 with an attractive 7.85% rent-to-sales ratio. This KFC was fully renovated in 2017 to the latest “American Showman Prototype” costing the tenant an estimated $200,000.
KFC is located in Marion, Ohio, just off US Route 23 with high drive-by visibility. This location is a pad site to Rural King and is across the street from Lowe’s & ALDI. KFC is less than 1 mile from The Ohio State University at Marion, Marion Technical College and Tri-Rivers Career Center; and less than 3 miles from Ohio Health Marion General Hospital.
*In Association With Ohio Local Broker: Weade Realtors & Auctioneers, LLC