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KFC 104 N Pike St
2,862 SF Retail Building Grafton, WV 26354 $1,695,000 ($592/SF) 5.80% Cap Rate
Investment Highlights
- 14.4+/- years remaining on primary term, plus 2 five year options.
- Rent increases every 5 years in primary term and option periods.
- Tenant pays rent like clockwork. Direct wire transfer.
- Absolute NNN lease with no Landlord expenses.
- Strong Tenant with 20% of all US KFC locations; continues to grow year after year.
- One parcel from primary intersection of city.
Executive Summary
The original 20 year absolute NNN lease commenced in 2018 after the tenant remodeled their the restaurant to the latest "American Showman Prototype". KBP Foods (the largest KFC franchisee in the U.S.) operates 840 locations in 28 states (20% of locations in KFC's U.S. system) and will generate sales in excess of $1 Billion Dollars in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations). This KFC has successfully operated since 2008 with an attractive 7.65% Rent-to-Sales Ratio. Situated just off the hard corner with high drive-by visibility on the Main East/West thoroughfare (North Pike Street) where traffic counts exceed 11,820 CPD.
This KFC is the only quick serve chicken restaurant in the area. The location is just off the primary intersection for North Pike Street becoming the Northwestern Turnpike at Victory Avenue. Nearby is Autozone, McDonald's, Goodwill, Walgreens, NAPA Auto Parts, Pizza Hut, Dollar General, Cricket, Gomart, Dollar Tree, Subway, Truist Bank and First Community Bank.
Tenant pays for the property taxes, insurance and maintains all aspects of the premises. There are no Landlord expenses for the property. KFC is responsible for all damages and casualty repairs, if any. There is no rent abatement for any reason. Tenant pays rent via wire transfer Ideal, management free investment for a passive investor.
KFC, an essential business and a recession proof Tenant. The operating entity for KBP Foods is FQSR, LLC; the operations running over 800 locations in 28 states. KPB Foods is the largest KFC franchisee with at least 20% of KFC locations for YUM BRANDS. Yum! Brands, Inc. is an American multinational fast food corporation listed on the Fortune 1000. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill.
Property Facts
Amenities
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
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- Accommodation and Food Services
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99,999 SF
-
$9.99
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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 our 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 | 46-01- 7-0120.0000 | Improvements Assessment | $123,360 |
| Land Assessment | $9,240 | Total Assessment | $132,600 |
PROPERTY TAXES
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KFC | 104 N Pike St
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