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 739+ locations in 23 states, and will generate sales in excess of $825 million in 2020. This asset is slated for remodel (at tenant’s cost) by 2020 – showing the tenant’s commitment to the location.
KFC is located in McHenry, Illinois on the main east/west thoroughfare with excellent drive-by visibility. Nearby retailers include: Jewel-Osco, Dollar Tree, Dollar General, The Salvation Army Family Store, AutoZone, O’Reilly Auto Parts, Walmart Supercenter, Kohl’s, Hobby Lobby, Home Depot, Meijer, Stock+Field, ALDI, Dick’s Sporting Goods, Bed Bath & Beyond, Michaels, JCPenney, T.J. Maxx, Old Navy, JOANN Fabrics, DSW, PetSmart, Petco, Five Below, Goodwill, Ulta Beauty, etc. The subject location has 10 public schools with a total enrollment of over 6,690 and 3 miles Northwestern Medical McHenry (179 beds).
*In Association with Illinois Local Broker: Travis R. Tarrant, Tarrant & Harman Real Estate and Auction #471016673