INVESTMENT HIGHLIGHTS

  • LONG LEASE TERM: The KFC lease has 12+ years remaining plus 4, 5-year renewal options.

  • ZERO MANAGEMENT RESPONSIBILITIES: The KFC lease is triple net and requires zero management responsibilities making it an attractive investment for the passive real estate investor.

  • ATTRACTIVE RENT INCREASE: The lease calls for attractive annual rent increases of 1.75% during both the original lease term and option periods providing a steady increase in income and an attractive hedge against inflation.

  • GUARANTOR: Lease Guarantor, KBP Foods is the largest owner/operators of KFC and dual concept KFC Restaurants in the country. The 750+ Unit Operator has more than 12,000 employees and 20 years in the business.

  • STRATEGIC RETAIL LOCATION: The Property is located along a state highway (NY-33A) that connects major interstates I-390 and I-490 and serves as a primary retail and commercial corridor. The highly visible Property is located at a signalized intersection with multiple points of access less than 0.25 miles from I-390.

  • STRONG DEMOGRAPHICS: Over 233,500 people live within a 5-mile radius of the Property with an average household income of $57,527

  • RETAIL TRADE AREA: Additional retailers in the immediate area include, Walmart Supercenter, Walgreens, Dollar Tree, Applebee’s Neighborhood Bar & Grill, McDonald’s, Burger King, AutoZone, Dollar General, Subway and Starbucks.

  • EXCELLENT MARKET DRIVERS: Attractions driving traffic to the trade area are the Greater Rochester International Airport (just seconds away from KFC), and the Wegmans Market Street Campus which is home to their Corporate Offices, Fresh Foods & Meats Division, their Culinary Innovations Center, Central Affinage Center and their Food Distribution Center. Additionally, KFC is within 5-miles of five Colleges/Universities and four area Hospitals.

EXCLUSIVELY LISTED BY
JEREMY BLACK
Mobile: (315) 663-1135
Direct: (781) 776-4005
Ethan Cole | NY Broker of Record | License: 10491208561
Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information.