2224 Woodville Rd
Oregon, OH 43616
KFC · Retail Property For Sale

A 2,088 square foot KFC restaurant on a long term NNN lease located in the suburban Toledo city of Oregon, Ohio. Oregon is a growing Northwest Ohio community with a population of 20,000 and 700 acres of prime real estate as the East part of Toledo. Tenant has successfully operated at the location since 1996, renovated the building in 2007 and is preparing to renovate the building once more in 2017/2018. In late 2014, the tenant completed a sale leaseback on a 15 year basis, showcasing confidence in their ability to perform for years to come at the existing location. Subject store has historically been a strong performer, with the most recent sales increase of 15% since 2015. Rent to sales ratio at the location is very healthy at 7.2%. Fast food tenants are happy with anything below 10%, especially if it is experiencing a decreasing trend such as the subject property.