523 E Manhattan Blvd
Toledo, OH 43608
KFC: Brand New 20 Year Absolute NNN Lease · Retail Property For Sale

KFC has a brand new 20-year Absolute NNN lease with attractive 7% rental escalations and two 5-year renewal options. The tenant, KBP Foods is the largest KFC franchisee in the US, operating 700+ locations in 23 states and will generate sales in excess of $800 million in 2019. This asset has brand new high quality build to suit construction of KFC’s newest “American Showman” prototype in 2018. Sales at this location are currently tracking to hit an attractive 7.21% rent to sales ratio! KFC is located in Toledo, Ohio next to Leverette Elementary (378 students) on the main east/west thoroughfare with excellent drive-by visibility. Nearby retailers include: Dollar Tree, Family Dollar, Save-A-Lot, Citi Trends, Shoppers World, & Rent-A-Center, Cricket Wireless, Walmart Supercenter, Target, Kohl’s, The Home Depot, Lowe’s Home Improvement, Costco, Meijer, Best Buy, T.J. Maxx, Kroger, Dillard’s, Macy’s, JCPenney, Barnes & Noble, etc. The subject location is 5 miles from The University of Toledo (enrollment of (20,580), 2.2 miles from Mercy Health-St. Vincent Hospital (288 beds), and 4.2 miles from ProMedica Toledo Hospital (794 beds). *In Association with Ohio Designated Broker: Branen L. Weade, Weade Realtors & Auctioneers, LLC #2010000811