KFC | Mt Orab, OH

109 Glover Drive, Mount Orab, OH

IN CONTRACT

$1,718,200

Price

5.5%

Cap Rate

$94,500

NOI

Gallery
Street
Map
Overview
Cap Rate
5.5%
NOI
$94,500
Building Size
2,800 sqft
Lot Area
1.061 acres
Lease Type
Triple Net
Year Built
2021
Tenancy
Single
Lease Expire Year
01/31/2042
Highlights
  • The tenant, FQSR, LLC dba KBP Foods, is the largest KFC franchisee in the United States, operating over 800 locations.
  • The lease structure is triple net (NNN), with zero landlord responsibilities.
  • There are eighteen (17.9) years remaining on the lease term, plus four (4), five (5) year options.
  • Sales at this location are far above the national average, resulting in a strong rent-to-sales ratio. Please contact broker for details.
  • This drive thru location was built in 2021, and features one of KFC’s newer store prototypes - American Showman.
  • The lease provides for 7% rental increases every five (5) years.
  • KFC is surrounded by several popular retailers including Kroger Marketplace, Dunkin’, Baskin Robbins, Verizon, Taco Bell, Tire Discounters, Snap Fitness, and Advance Auto Parts, among others.
  • KFC is situated off of Hwy 32, which heads east to Cincinnati, OH. Cincinnati is located just 36 miles (45 mins) from the subject property.
Documents
Title
KFC_-_Mt_Orab__OH.pdf
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Location
Gallery