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 with an attractive 8.36% rent-to-sales ratio. This KFC is situated on a large 1.198 acre parcel and was fully renovated in 2017 to the latest “American Showman Prototype” costing the tenant an estimated $200,000.
KFC is located in Sunbury, Ohio, on the main east/west thoroughfare just off of I-71 with high drive-by visibility. The subject location in less than half a mile from Tanger Outlets Columbus (a 355,000 SF outlet shopping center that sits on 56 acres with anchored by Gap Store, Nike, Old Navy, Polo Ralph Lauren, & Under Armour, with national retailers such as ASICS Sportswear, Banana Republic, Calvin Klein, Christopher & Banks, Clarks Shoes, Coach Store, Cole Haan, Columbia Sportswear, Converse, J.Crew, Kate Spade Store, Kirkland’s, Lane Bryant, Lee/Wrangler, Levi’s, Michael Kors, Samsonite, Skechers, Sperry Shoes, Sunglass Hut, Talbots, The North Face, Tommy Hilfiger, Victoria Secret, etc.
*In Association With Ohio Local Broker: Weade Realtors & Auctioneers, LLC