5 Clear Mountain Way
Morgantown, WV 26505
KFC: 20 Yr NNN Lease Near University · Retail Property For Sale

KFC has a brand new 20 year Absolute NNN lease with 5% rental escalations every 5 years with two 5 year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US, operating 581 locations in 23 states and will generate sales in excess of $650M in 2018. This location has been open and operating since 2006 with an attractive 6.85% rent-to-sales ratio and is slated for remodel by year end 2020. The subject property is located in Knoxville, Tennessee, with high drive-by visibility off of the hard corner. KFC is just 3 miles from from West Virginia University Morgantown, a public, land & space grant, research intensive university offering over 340 majors in 14 colleges & schools with total enrollment of 28,409. The property is also 4.5 miles from Mon Health Medical Center and J.W. Ruby Memorial Hospital, a 690-bed academic medical center & home to WVU Medicine Children’s & Jon Michael Moore Level 1 Trauma Center, and Mon Health Medical Center. Nearby retailers include Kroger, Save-A-Lot, Goodwill, CVS Pharmacy, Dollar General, Family Dollar, Advance Auto Parts, Walmart Supercenter, Tractor Supply Co, Morgantown Mall (a 555,564 SF enclosed shopping mall anchored by Belk, AMC Theatres, Elder Beerman, JCPenney, Sears & Shoe Dept. Encore w/ over 80 retail shops), Target, Sam’s Club, Dick’s Sporting Goods, Best Buy, T.J. Maxx, Giant Eagle Supermarket, Barnes & Noble, etc. *In Association with West Virginia Local Broker: Greenfield & Craun Commercial