KFC has a brand new 20-year Absolute NNN Lease with attractive 7% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods is the largest KFC franchisee in the US operating 720+ locations and will generate sales in excess of $800 million in 2019. This asset has been successfully open and operating since 2010 with an attractive 8.07% rent-to-sales ratio and was recently remodeled to KFC’s newest “American Showman” prototype in 2018 – showing tenant’s commitment to the location! KFC is located in Kingston, New York with great drive-by visibility on Albany and Foxhall Avenue. Nearby retailers include: Walmart Supercenter, Sam’s Club, Target, Burlington, Kohl’s, Lowe’s Home Improvement, The Home Depot, Dicks’ Sporting Goods, Best Buy, Bed Bath & Beyond, Marshalls, Ollie’s Bargain Outlet, PetSmart, Petco, JOANN Fabrics, Michaels, HomeGoods, Barnes & Noble, ULTA Beauty, DSW, Party City, Five Below, ALDI, ShopRite, Family Dollar, Planet Fitness, NCG Cinema, etc. The subject location is 11 miles from SUNY Ulster (enrollment of 3,554) and 1 mile from Health Alliance Hospital Broadway Campus (150 beds), and 1.5 miles from Health Alliance Mary’s Avenue Campus (150 beds). *In Association with New York Local Broker: Andrew T. Knight, New England Commercial Brokerage, Inc. #10311206075