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 2008 with an attractive 7.80% rent-to-sales ratio. This KFC is slated for a substantial remodel by 2020, further solidifying the tenant’s commitment to the site.
The subject property is located in Uniontown, Pennsylvania, on the main east/west thoroughfare (US Hwy 33 E) with high drive-by visibility. KFC sits 1 mile from Laurel Business Institute, 2.25 miles from Fayette County Career & Technical Institute and less than 1 mile from Uniontown Hospital. Nearby retailers include Tractor Supply Co., ALDI, Save-A-Lot, Shop ‘n Save, Big Lots, Family Dollar, Aaron’s, Fine Wine & Good Spirits, Rite Aid, Anytime Fitness, Walmart Supercenter, Target, Lowe’s Home Improvement, The Home Depot, Hobby Lobby, Dick’s Sporting Goods, Uniontown Mall (a regional enclosed shopping mall anchored by AMC Theatres, Bon-Ton, Burlington & JCPenney with over 60 specialty stores) Staples, Harbor Freight Tools, etc.
*In Association With Pennsylvania Local Broker: Brian Brockman, Bang Realty, Inc. #RM423816