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31562213
31562214

12394 US State Route 35 NW, Jeffersonville, OH 43128

GC
CA 01911222
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
CS
CA 01927216
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
SS
KY 271256
SRS Louisville
Listed by SRS Real Estate Partners Newport Beach, SRS Louisville
$1,652,000
92 days on market
Updated 7 days ago

KFC | 13 Years | 800+ Unit Guarantor | Outparcel to Outlets

Details
APN 060-015-0-00-035-00, 060-015-0-00-034-00, 060-015-0-00-033-00
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,851
Units 1
Cap Rate 6.65%
NOI $109,865
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes, KFC (+2)
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 05/31/2039
Remaining Term 12.9
Rent Bumps Yes
Lease Options 2 (5-year)
Broker Co-Op Yes
Year Built 2001
Year Renovated 2021
Buildings 1
Stories 1
Acreage 1.530
Parking Spaces 53 spaces
Parking per 1,000 SqFt 13.76
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 05/23/2019
Ground Lease No
Ownership Fee Simple (Land & Building)

Just off I-71 (44,500+ VPD)

Marketing description

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, KFC investment property located in Jeffersonville, Ohio. The tenant has approximately 13 years remaining on their base lease term with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.50% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The subject property is strategically located along Old U.S. 35 / State Highway 435 with nearby access to Interstate 71, which sees approximately 44,520 VPD, while Old U.S. 35 carries approximately 14,800 VPD. The asset benefits from strong visibility and accessibility within a key retail and travel corridor serving Jeffersonville and the surrounding region.

The Property is positioned near Destination Outlets, a major regional shopping draw featuring national retailers including T.J. Maxx, Under Armour, Skechers, Rack Room Shoes, Ann Taylor, American Eagle, LOFT, Chico’s, and HomeBuys. The site is also surrounded by numerous national retailers, restaurants, hotels, and travel-oriented uses including Love’s, Wendy’s, Taco Bell, Starbucks, Chipotle, Bob Evans, Fairfield Inn, Hampton Inn, Waffle House, Denny’s, Family Dollar, Subway, Dunkin’, and Arby’s, which further drive consumer traffic to the immediate area. In addition, the property is well positioned within reach of several major Ohio population centers, including Columbus, Dayton, and Cincinnati, enhancing its regional draw and accessibility. The 5-mile trade area is supported by an estimated population of 2,779, an average household income of $72,261, and approximately 1,773 employees.

Investment highlights

  • KBP Foods Operator (1,100+ Units) | 13 Years Remaining
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Along U.S. 35 (14,800 VPD) / I-71 Corridor (44,520 VPD) | Strong Retail, Travel & Regional Access
  • Strong Demographics In 5/3-Mile Trade Area

Listing Contacts

GC
CA 01911222
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
CS
CA 01927216
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
SS
KY 271256
SRS Louisville
Listed by SRS Real Estate Partners Newport Beach, SRS Louisville

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$109,865.00
$9,155.42/mo

Valuation Metrics

0
DSCR
6.65%
Cap Rate
6.65%
ROI

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Zoning

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F AgricultureFarm District
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Last updated May 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Sarah Shanks
License
BRKP.2023006361 | REC.2024000384
Brokerage
SRS National Net Lease Group
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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