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Restaurant

KFC

525 S State St, Westerville, OH 43081

Listing Price: $1,282,667

Cap Rate
5.25%
Tenant Name
Ampex Brands
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,475
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.21

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KFC located at 525 S State Street in Westerville, Ohio. The site consists of roughly 2,475 rentable square feet of building space on estimated 0.73-acre parcel of land. This KFC will be subject to a brand new 20-year absolute triple-net (NNN) lease, which will commence at the Close of Escrow. The current annual rent is $67,340 and is scheduled to increase by 1.25% annually starting in year 6 throughout the base term and in each of the 4, 5-year renewal options.

Investment Highlights

  • Brand New 20-Year Absolute Triple Net (NNN) Lease to be Signed at Closing
  • 1.25% Annual Rental Increases Starting in Year 6
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Listing Price: $1,282,667

Cap Rate
5.25%
Tenant Name
Ampex Brands
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,475
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.21

Investment Highlights

  • Brand New 20-Year Absolute Triple Net (NNN) Lease to be Signed at Closing
  • 1.25% Annual Rental Increases Starting in Year 6
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KFC located at 525 S State Street in Westerville, Ohio. The site consists of roughly 2,475 rentable square feet of building space on estimated 0.73-acre parcel of land. This KFC will be subject to a brand new 20-year absolute triple-net (NNN) lease, which will commence at the Close of Escrow. The current annual rent is $67,340 and is scheduled to increase by 1.25% annually starting in year 6 throughout the base term and in each of the 4, 5-year renewal options.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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