KFC-Long John Silver’s

Sunbury, OH

Price $1,945,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Under Contract
Tenants KFC | Long John Silver's
LEASE TYPE Absolute NNN
SQUARE FEET 2,877
PRICE/SQ FT $676
YEAR BUILT 1999
LEASE EXP. 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 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

Property Highlights

  • Brand New 20 Year Absolute NNN Lease with 5% Rental Escalations every 5 Years
  • Successfully Open & Operating with an Attractive 8.36% Rent-to-Sales Ratio!
  • Large ±1.198 Acre Lot with High Drive-by Visibility on the Main East/West Thoroughfare, just off I-71 where Traffic Counts Exceed 31,780 CPD
  • Tenant: KBP Foods - The largest KFC Franchisee in the US, Operates 581 Locations in 23 States & Will Generate Sales of $650M+ in 2018
  • Fully Renovated in 2017 to the Latest “American Showman Prototype” (Est. Cost in Excess of ±$200,000)
  • Affluent Demographics: Total Population (5 MI): 19,158 | Avg HH Income (1 MI): $143,481 | Population Growth 2010-2018 (1 MI): 24.71%