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KFC – WILLOUGHBY, OH 34400 Euclid Ave 2,109 SF Retail Building Willoughby, OH 44094 $1,729,000 ($819.82/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-YEAR ABSOLUTE NNN LEASE: Over 15 years remaining on initial 20-year Absolute NNN lease with attractive 7.00% rental escalations
- Encompasses ±800 locations (+20% of KFC locations in the U.S. system) with anticipated sales in excess of $1.1 billion in 2025
- Traffic counts of 23,248 CPD!
- OPERATOR | TENANT: Parent Company of KBP Foods operates ±1,055 locations across 4 brands in 32 states. Tenant - FQSR, LLC
- TRAFFIC COUNTS: Positioned on a ±0.746-acre parcel, this property offers prime visibility and convenient access along US-20/Euclid Ave
- AFFLUENT 2025 DEMOGRAPHICS: Total Population (5MI): 123,923 | Average Household Income (1MI): $97,917
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,109 SF
Building Class
C
Year Built/Renovated
1997/2017
Price
$1,729,000
Price Per SF
$819.82
Cap Rate
6.25%
NOI
$108,070
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.74 AC
Zoning
C
Frontage
43’ on Euclid Ave
AMENITIES
- Pylon Sign
- Restaurant
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Jun 2041
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 END | ||
|
|
Accommodation and Food Services | - | - | Jun 2041 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-A-006-0-00-048 | Improvements Assessment | $52,490 |
| Land Assessment | $64,310 | Total Assessment | $116,800 |
PROPERTY TAXES
Parcel Number
27-A-006-0-00-048
Land Assessment
$64,310
Improvements Assessment
$52,490
Total Assessment
$116,800
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KFC – WILLOUGHBY, OH | 34400 Euclid Ave
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