KFC
Retail | 6.60% CAP | 2,441 SqFt
Marketing description
Bang Realty is pleased to present the exclusive listing for a KFC located at 709 W Main Street, Ripley, WV 25271. The site consists of roughly 2,441 rentable square feet of building space on an estimated 1.31-acre parcel of land. This KFC is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $74,951 and has scheduled increases of 7.50% every 5 years.
Investment highlights
Brand New 20-Year NNN Lease | Upon the close of escrow, the tenant will sign a brand new 20-year absolute triple net lease, with no landlord responsibilities.
Rental Increases | The lease features seven-and-a-half percent (7.5%) increases every five (5) years, throughout the base term and the four, five-year option periods.
Experienced Franchisee | Ampex Brands operates around 400 units of KFC, Taco Bel, Tim Horton's, Long John Silver's, and 7-Eleven. In July 2021, Ampex Brands acquired Au Bon Pain's 171 locations. This leased is guaranteed by Ampex Brands of West Virginia, LLC - 12 stores.
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