4515 Maplecrest Rd
Fort Wayne, IN 46835
KFC · Retail Property For Sale

KFC has a brand new 20-year Absolute NNN lease with 5% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods (the largest KFC franchisee in the U.S.) operates 611 locations in 23 states (13% of Locations in U.S. System) and will generate sales in excess of $650 million in 2018 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations). The subject property has been successfully open and operating for decades with an attractive 5.00% rent-to-sales ratio! With strong intrinsic value, this asset is priced well below replacement cost. KFC is located in Fort Wayne, Indiana just off a hard corner with high drive-by visibility on US Highway 1. Nearby retailers to the subject property include a Target Anchored Shopping Center, Kroger, Lowe’s Home Improvement, Kohl’s, Best Buy, Old Navy, T.J. Maxx, Shoe Carnival, JOANN Fabrics, ALDI, Petco, Dick’s Sporting Goods, Costco, Walmart Supercenter, Meijer, The Home Depot, Sam’s Club, Dollar Tree, Big Lots, Sally Beauty, Walgreens, Planet Fitness, etc. This asset is located 2.5 miles from Purdue University Fort Wayne (enrollment of 10,414), 2.5 miles from Indiana University Fort Wayne (12,010), and 7 miles from Dupont Hospital (131 beds). In Association with Indiana Local Broker: Brian Brockman, Bang Realty #RB14035714