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29795312
29795313

3787 Waterford Pkwy, Amelia, OH 45102 For Sale

MM
CA CA 01888322
Prime Net Lease
PM
CA CA 01351021
Prime Net Lease
Listed by Prime Net Lease
$2,370,000
155 days on market
Updated 49 days ago

KFC / Long John Silver's

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,607
Net Rentable (SqFt) 3,607
Cap Rate 5.75%
NOI $136,318
Occupancy 100%
Tenancy Single
Brand/Tenant KFC, Long John Silver's
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 12/31/2038
Remaining Term 12.5
Rent Bumps Yes
Lease Options Two, 5-year Options
Price per SqFt $657
Broker Co-Op Yes
Class A
Year Built 2012
Acreage 1.150
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Franchisee
Lease Commencement 12/17/2018
Occupancy Date 12/17/2018
Ownership Fee Simple

1,100+ Unit Franchisee | KBP Foods | 26,000 VPD

Investment highlights

LONG TERM LEASE - There is 12+ years remaining on the initial 20-Year Absolute NNN Lease with Attractive 7% Rental Escalations every 5 Years.

STRONG TENANT - KBP Foods (the largest KFC franchisee in the U.S.) Operates 1050+ Locations in 32 States (largest KFC operator in U.S. System) and generated Sales in Excess of $1.1 Billion in 2025 (FQSR, LLC is the Tenant on the Lease, Encompasses All Restaurant Locations)

RARE DUAL BRANDED CONCEPT - YUM! Brands is no longer issuing new deal brand franchise agreements - this location is grandfathered in offering the best of YUM! Brands under one roof!

SEASONED LOCATION - Successfully Open & Operating Since 2012 with a low Rent- to- Sales Ratio! Sales Well in Excess of KFC National Average!

TRAFFIC COUNTS - Situated on a Large±1.15-Acre Parcel Along Waterford Pkwy where Traffic Counts Exceed 26,000 Vehicles Per Day!

STRONG RETAIL CORRIDOR - Located on a signalized corner lot the property is in a dense retail corridor featuring national brands such as Taco bell, Starbucks, Burger King, Valvoline, McDonald's and Chipotle to name a few.

Listing Contacts

MM
CA CA 01888322
Prime Net Lease
PM
CA CA 01351021
Prime Net Lease
Listed by Prime Net Lease

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$136,318.00
$11,359.83/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Brian Brockman
License
BRK.2009000214
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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