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