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- LoopNet Team
721 W Emmitt Ave
Waverly, OH 45690
KFC: Brand New 20 Year Absolute NNN Lease · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Drive Thru
ABOUT 721 W EMMITT AVE , WAVERLY, OH 45690
KFC has a brand new 20-year Absolute NNN Lease with attractive 7% rental escalations every 5 years and two five-year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US operating 690 locations in 23 states and will generate sales in excess of $800 million in 2019. This asset has been successfully open and operating for decades with an attractive 8% rent to sales ratio and was recently remodeled 2017 to KFC’s latest American Showman prototype, showing the tenants commitment to the location. KFC is located in Waverly, Ohio on the main north/south thoroughfare with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, Rural King, Kroger, Save-A-Lot, Dollar Tree, Family Dollar, Dollar General, Goodwill, AutoZone, O’Reilly Auto Parts, Advance Auto Parts, NAPA Auto Parts, CVS Pharmacy, Rite Aid, Verizon, AT&T, etc. The subject location is less than 1 mile from Adena Pike Medical Center (25 beds). *In Association with Ohio Local Broker: Branen L Weade, Weade Realtors and Auctioneers, LLC # 2010000811
PROPERTY TAXES
| Parcel Number | 18-103601.0000 | Improvements Assessment | $49,050 |
| Land Assessment | $14,030 | Total Assessment | $63,080 |
PROPERTY TAXES
