Jeffersonville, OH - KFC
$1,717,000
12394 U.S. State Route 35 NW, Jeffersonville, OH 43128
6.4
Cap Rate
109,865
NOI
Details:
Description:
SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, KFC investment property located in Jeffersonville, Ohio. The tenant has approximately 13 years remaining on their base lease term with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.50% 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 an out of state investor.
The subject property is strategically located along Old U.S. 35 / State Highway 435 with nearby access to Interstate 71, which sees approximately 44,520 VPD, while Old U.S. 35 carries approximately 14,800 VPD. The asset benefits from strong visibility and accessibility within a key retail and travel corridor serving Jeffersonville and the surrounding region. The Property is positioned near Destination Outlets, a major regional shopping draw featuring national retailers including T.J. Maxx, Under Armour, Skechers, Rack Room Shoes, Ann Taylor, American Eagle, LOFT, Chico’s, and HomeBuys. The site is also surrounded by numerous national retailers, restaurants, hotels, and travel-oriented uses including Love’s, Wendy’s, Taco Bell, Starbucks, Chipotle, Bob Evans, Fairfield Inn, Hampton Inn, Waffle House, Denny’s, Family Dollar, Subway, Dunkin’, and Arby’s, which further drive consumer traffic to the immediate area. In addition, the property is well positioned within reach of several major Ohio population centers, including Columbus, Dayton, and Cincinnati, enhancing its regional draw and accessibility. The 5-mile trade area is supported by an estimated population of 2,779, an average household income of $72,261, and approximately 1,773 employees.
Location
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