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KFC | 13 Yrs NNN | 840+ Unit Guarantor 2211 N Verity Pky 1,972 SF Retail Building Middletown, OH 45042 $1,895,000 ($960.95/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- KBP Foods Operator (1,100+ Units) | Over 13 Years Remaining | Strong Guarantor
- In Proximity to multiple National/Credit Tenants | Annual Sales Reported
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The subject property is operated by KBP foods one of the largest operators in America with 1,100+ units operating other brands like Taco Bell, Sonic, KFC, and Arby’s.
• Over 13 years remaining on the base term with 2 (5-year) option periods to extend the lease
• The lease is backed by FQSR, LLC a subsidiary of KBP Foods that has over 840 units in this entity
• Over 13 years remaining on the base term with 2 (5-year) option periods to extend the lease
• The lease is backed by FQSR, LLC a subsidiary of KBP Foods that has over 840 units in this entity
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,972 SF
Building Class
C
Year Built
2018
Price
$1,895,000
Price Per SF
$960.95
Cap Rate
6.50%
NOI
$123,175
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.54 AC
Opportunity Zone
Yes
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | Q6511-024-000-068 | Improvements Assessment | $126,930 |
| Land Assessment | $15,420 | Total Assessment | $142,350 |
PROPERTY TAXES
Parcel Number
Q6511-024-000-068
Land Assessment
$15,420
Improvements Assessment
$126,930
Total Assessment
$142,350
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KFC | 13 Yrs NNN | 840+ Unit Guarantor | 2211 N Verity Pky
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