KFC

Sidney, OH

Price $1,256,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Available
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 3,414
PRICE/SQ FT $367
YEAR BUILT 1980 | 2017
LEASE EXP. 12/31/2038
LISTING AGENT Justin Zahn
480-214-5088 x102
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 attractive 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 for decades with a 7.50% rent-to-sales ratio and was recently remodeled to the “American Showman” prototype in 2017 showing the tenants commitment to the location.

KFC is located in Sidney, Ohio just off a hard corner with great drive by visibility. Nearby retailers include: Walmart Supercenter, Lowe’s Home Improvement, Menard’s, Kroger, Ollie’s Bargain Outlet, Dollar Tree, Hibbett Sports, ALDI, AutoZone, CVS, etc. The subject location is less than 2 miles from Wilson Health (a general surgical & medical hospital with 71 beds).

*In Association with Ohio Licensed Broker: Branen L. Weade, Weade Realtors & Auctioneers, LLC #201000081

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7% Rental Escalations Every 5 Years
  • Successfully Open & Operating for Decades with a 7.50% Rent-to-Sales Ratio! Recently Remodeled to the “American Showman” Prototype in 2017 – Showing Tenant’s Commitment to the Location!
  • 2018 Demographics: Total Population (5-MI): 26,325 | Avg HH Income (1-MI): $67,756
  • 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)
  • Situated just off the Hard Corner where Traffic Counts Exceed 32,560 CPD!