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