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KFC | 13 Yrs NNN | 840+ Unit Guarantor 850 Eastgate South Dr 2,725 SF Retail Building Cincinnati, OH 45245 $2,456,819 CAD ($901.59 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- FQSR, LLC Operator (840+ Units) | Over 13 Years Remaining | Strong Guarantor
- Adjacent to Major Retail Centers | Situated Near State Highway 32 (50,000 VPD)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Above Average Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The subject property is operated by FQSR, LLC, a subsidiary of KBP Foods, one of the largest operators in America with 1,100+ units operating other brands like Taco Bell, Sonic, KFC, and Arby’s.
• More than 12.5 years remain on the base term with 5 (5-year) option periods to extend the lease.
• More than 12.5 years remain on the base term with 5 (5-year) option periods to extend the lease.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,725 SF
Building Class
C
Year Built/Renovated
1985/2017
Price
$2,456,819 CAD
Price Per SF
$901.59 CAD
Cap Rate
6.50%
NOI
$159,693 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.75 AC
Opportunity Zone
Yes
Parking
35 Spaces (12.84 Spaces per 1,000 SF Leased)
Frontage
125’ on Eastgate South Dr
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 41-56-07.-005 | Improvements Assessment | $429,124 CAD |
| Land Assessment | $50,719 CAD | Total Assessment | $479,843 CAD |
PROPERTY TAXES
Parcel Number
41-56-07.-005
Land Assessment
$50,719 CAD
Improvements Assessment
$429,124 CAD
Total Assessment
$479,843 CAD
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KFC | 13 Yrs NNN | 840+ Unit Guarantor | 850 Eastgate South Dr
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