KFC

Washington Court House, OH

Price $1,595,000
Cap Rate 5.75%
TYPE Single-Tenant
STATUS Available
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 2,445
PRICE/SQ FT $652
YEAR BUILT 1983 | 2013
LEASE EXP. 12/31/2038
LISTING AGENT Justin Zahn
480-718-5555
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 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. The subject location has been successfully open and operating for decades with an 8% rent-to-sales ratio.

KFC is located in Washington Court House, Ohio on W Court Street with great drive-by visibility. Nearby retailers include: Walmart Supercenter, The Home Depot, Kroger, Save-A-Lot, ALDI, Tractor Supply Co., Ace Hardware, Family Farm & Home, Peebles, Dollar Tree, Dollar General, Family Dollar, Goodwill, Pat Catan’s, Advance Auto Parts, O’Reilly Auto Parts, NAPA Auto Parts, Walgreens, CVS Pharmacy, Verizon, Metro by T-Mobile, Boost Mobile, Anytime Fitness, etc. This asset is less than 2 miles from Fayette County Memorial Hospital (25 beds).

*In Association with Ohio Local Broker: Branen L. Weade, Weade Realtors & Auctioneers, LLC #2010000811

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7% Rental Escalations every 5 Years
  • Successfully Open & Operating for Decades with an 8% Rent-to-Sales Ratio!
  • 2018 Demographics (5-MI): Total Population: 18,940 | Avg HH Income: $55,378
  • 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)
  • Great Drive-By Visibility on W Court St where Traffic Counts Exceed 20,310 CPD!