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KFC/Taco Bell | 15+yrs Remaining Abs NNN 3826 US Highway 23 2,913 SF 100% Leased Retail Building Portsmouth, OH 45662 $2,345,000 ($805.01/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 15+ Years Remaining | Options To Extend | Scheduled Rental Increases
- Strong Retail Corridor | National/Credit Tenant Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, KFC and Taco Bell investment property located in Portsmouth, Ohio. The tenant, KBP Foods, has over 15 years of term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,913 SF
Building Class
C
Year Built/Renovated
1980/2017
Price
$2,345,000
Price Per SF
$805.01
Cap Rate
6.25%
NOI
$146,590
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.40 AC
Zoning
Commercial - Commercial
Parking
32 Spaces (10.99 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 05-0561.000 | Improvements Assessment | $121,860 |
| Land Assessment | $20,980 | Total Assessment | $142,840 |
PROPERTY TAXES
Parcel Number
05-0561.000
Land Assessment
$20,980
Improvements Assessment
$121,860
Total Assessment
$142,840
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KFC/Taco Bell | 15+yrs Remaining Abs NNN | 3826 US Highway 23
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