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6908 Dixie Highway, Louisville, KY , 40258
  • Size SF 1,706
  • Built/Renov1981/2020
  • Price/SF$647
  • Lease Start10-01-2016
  • Rent/SF$40.11
  • Lease Type Abs NNN
  • Lot/AC0.56
  • Pop 5MI163,903

1,103,613

  • Cap Rate 6.20%
  • NOI $68,424
  • R. Term/Yrs 1.9
  • Guarantor Franchisee
  • # Units 14
  • Recent renovation

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Highway location

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Annual rent increases

  • Top performing store

  • Personal guarantee

  • ...
  • 1+ years remaining on the current ground lease term with 2 (5-year) options to extend
  • 2.5% annual rental increases throughout the primary term and 3% annual increases throughout the options
  • Absolute NNN lease | Zero landlord responsibilities
  • Multi-unit, multi-state franchisee operator
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 14
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who sold fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. By the end of 2022, the brand operated over 29,900 stores in over 149 countries, with 99% being franchises. In 2023, their revenue was over $34.83B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
3212 Leitchfield Road, Owensboro, KY , 42303
  • Size SF 1
  • Built/Renov2013
  • Price/SF$2,945,703
  • Lease Start10-01-2024
  • Rent/SF$176,742.19
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI73,906

1,885,250

  • Cap Rate 6.00%
  • NOI $113,115
  • R. Term/Yrs 19.9
  • Guarantor Franchisee
  • # Units 162
  • Dense retail corridor

  • Near major nationals

  • Strong tenant synergy

  • Highway close

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • 100+ unit franchisee backed

  • ...
  • Brand new 20-year lease with 4 (5-year) options to extend
  • The lease features 1.5% annual rental increases starting year 6 and at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Tasty Chick'n, LLC (162 units backed)
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 162
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who sold fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. By the end of 2022, the brand operated over 29,900 stores in over 149 countries, with 99% being franchises. In 2023, their revenue was over $34.83B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
2236 Highway 41 North, Henderson, KY , 42420
  • Size SF 2,925
  • Built/Renov1984
  • Price/SF$694
  • Lease Start10-01-2024
  • Rent/SF$41.62
  • Lease Type Abs NNN
  • Lot/AC1.50
  • Pop 5MI30,369

2,028,883

  • Cap Rate 6.00%
  • NOI $121,733
  • R. Term/Yrs 19.9
  • Guarantor Franchisee
  • # Units 162
  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Strong tenant synergy

  • Major MSA

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • 100+ unit franchisee backed

  • ...
  • Brand new 20-year lease with 4 (5-year) options to extend
  • The lease features 1.5% annual rental increases starting year 6 and at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Tasty Chick'n, LLC (162 units backed)
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 162
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who sold fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. By the end of 2022, the brand operated over 29,900 stores in over 149 countries, with 99% being franchises. In 2023, their revenue was over $34.83B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
713 Hardy Road, Vinton, VA , 24179
  • Size SF 4,188
  • Built/Renov1978
  • Price/SF$456
  • Lease Start10-01-2024
  • Rent/SF$26.24
  • Lease Type Abs NNN
  • Lot/AC0.91
  • Pop 5MI94,931

1,911,009

  • Cap Rate 5.75%
  • NOI $109,883
  • R. Term/Yrs 19.9
  • Guarantor Franchisee
  • # Units 162
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Major MSA

  • Brand new lease

  • Long 15+ yr lease

  • Annual rent increases

  • 100+ unit franchisee backed

  • ...
  • Brand new 20-year lease with 4 (5-year) options to extend
  • The lease features 1.5% annual rental increases starting year 6 and at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Tasty Chick'n, LLC (162 units backed)
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 162
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who sold fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. By the end of 2022, the brand operated over 29,900 stores in over 149 countries, with 99% being franchises. In 2023, their revenue was over $34.83B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
1105 South Jefferson Avenue, Cookeville, TN , 38506
  • Size SF 5,300
  • Built/Renov2000
  • Price/SF$452
  • Lease Start12-01-2024
  • Rent/SF$26.42
  • Lease Type Abs NNN
  • Lot/AC1.48
  • Pop 5MI50,856

2,393,000

  • Cap Rate 5.85%
  • NOI $140,000
  • R. Term/Yrs 19.11
  • Guarantor Franchisee
  • # Units 161
  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Freeway visibility

  • Income tax free state

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Annual rent increases

  • 100+ unit franchisee backed

  • ...
  • Brand new 20-year lease with 4 (5-year) options to extend
  • The lease features 1.5% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by a 161-unit subsidiary of Tasty Restaurant Group, the
  • 9th largest franchisee group in the U.S. with nearly 500 units across 6 brands
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 161
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who sold fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. By the end of 2022, the brand operated over 29,900 stores in over 149 countries, with 99% being franchises. In 2023, their revenue was over $34.83B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
10200 US 20, Rossford, OH , 43460
  • Size SF 2,953
  • Built/Renov2009
  • Price/SF$930
  • Lease Start04-01-2016
  • Rent/SF$65.11
  • Lease Type Abs NNN
  • Lot/AC1.49
  • Pop 5MI79,918

2,745,000

  • Cap Rate 7.00%
  • NOI $192,266
  • R. Term/Yrs 11.3
  • Guarantor Franchisee
  • # Units 361
  • Signalized intersection

  • Hard corner intersection

  • Near major nationals

  • Shopping Ctr out-parcel

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Long 10+ yr lease

  • Top franchise operator

  • ...
  • KFC has 11+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features fluctuating rental increases throughout the initial term and 2% annual increases throughout each option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by FSQR, LLC (361 units backed)
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 361
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who sold fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. By the end of 2022, the brand operated over 29,900 stores in over 149 countries, with 99% being franchises. In 2023, their revenue was over $34.83B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

FSQR, LLC is part of KBP Foods. KBP Foods is the largest KFC franchisee in the United States and had $1.4B in revenue in 2023. FSQR, LLC is tenant on the lease and encompasses all restaurant locations. 

...
525 1st Street East, Bradenton, FL , 34208
  • Size SF 2,089
  • Built/Renov1982
  • Price/SF $1,059
  • Lease Start11-01-2018
  • Rent/SF$52.93
  • Lease Type Abs NNN
  • Lot/AC0.54
  • Pop 5MI213,639

2,211,300

  • Cap Rate 5.00%
  • NOI $110,565
  • R. Term/Yrs 13.10
  • Guarantor Franchisee
  • # Units 800
  • Signalized intersection

  • High traffic 50M+ VPD

  • Near major nationals

  • Strategically located

  • Highway location

  • Dense 200M+ pop 5 mi

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Top franchise operator

  • ...
  • KFC has 14+ years remaining on their primary term with 2 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the primary term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by KBP Foods (800+ units)
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 800
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who sold fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. By the end of 2022, the brand operated over 29,900 stores in over 149 countries, with 99% being franchises. In 2023, their revenue was over $34.83B. The chain is a subsidiary of Yum! Brands. 

 

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY. 

...
3328 Ambassador Caffery Parkway, Lafayette, LA , 70506
  • Size SF 2,100
  • Built/Renov2019
  • Price/SF
    $548
    $580
  • Lease Start07-01-2020
  • Rent/SF$33.33
  • Lease Type Abs NNN
  • Lot/AC0.75
  • Pop 5MI130,039
1,150,000
1,217,000
  • Cap Rate
    6.09%
     
    5.75%
  • NOI $70,000
  • R. Term/Yrs 15.6
  • Guarantor Franchisee
  • # Units 840
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Strong tenant synergy

  • Strong demographics

  • Major MSA

  • Long 15+ yr lease

  • Absolute NNN

  • Top franchise operator

  • ...
  • KFC has 16 years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 7% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by FQSR, LLC (840 units backed)
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 840
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who sold fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. By the end of 2022, the brand operated over 29,900 stores in over 149 countries, with 99% being franchises. In 2023, their revenue was over $34.83B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

KBP Brands ("KBP") is one of the Top 100 Private Companies and Corporate Report 100 Fastest Growing Companies. Across its three brands, KBP operates 1,000+ restaurants in 28 states with 15,000+ employees. The company ranked #3 in Nation's Restaurant News' list of Top 100 Growth in U.S. Food Service Revenue, among many other industry and growth accolades over the years. FQSR, LLC is a brand of KBP and is the largest KFC franchisee in the U.S. with 840+ locations in 28 states. Other brands of KBP include KBP Bells, LLC (a 47-unit Taco Bell entity) and KBP Inspired, LLC (a 117-unit Arby's entity).

...
3260 I-55 Service Road, Marion, AR , 72364
  • Size SF 2,430
  • Built/Renov2024
  • Price/SF$466
  • Lease Start06-01-2024
  • Rent/SF$27.98
  • Lease Type Abs NNN
  • Lot/AC0.67
  • Pop 5MI31,968

1,133,333

  • Cap Rate 6.00%
  • NOI $68,000
  • R. Term/Yrs 14.6
  • Guarantor Franchisee
  • # Units 40
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway visibility

  • Top 100 MSA

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • 25+ unit franchisee backed

  • ...
  • Brand-new 2024 construction
  • KFC will be executing a brand-new 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Tasty Chick'n Midwest, LLC. (40 units backed)
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 40
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain specializing in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who sold fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. By the end of 2022, the brand operated over 29,900 stores in over 149 countries, with 99% being franchises. In 2023, their revenue was over $34.83B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 58,700 company-owned and franchised restaurant locations across 157 countries and territories worldwide. The company closed out 2023 with system sales of $64.9B, across all divisions, with a current market cap of $39.0B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
3100 W Broward Blvd, Fort Lauderdale, FL , 33312
  • Size SF 1,661
  • Built/Renov1987/2024
  • Price/SF
    $1,337
    $1,358
  • Lease Start01-16-2014
  • Rent/SF$57.73
  • Lease Type Abs NNN
  • Lot/AC0.41
  • Pop 5MI421,995
2,220,000
2,256,000
  • Cap Rate
    4.32%
     
    4.25%
  • NOI $95,886
  • R. Term/Yrs 9.1
  • Guarantor Franchisee
  • # Units 850
  • Signalized intersection

  • Recent renovation

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Absolute NNN

  • Top franchise operator

  • ...
  • KFC has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 8% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by KBP Foods (850 units backed)
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 850
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who sold fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and has been operating for more than 70 years. Today, KFC is the second largest (measured by sales) restaurant chain in the world, after McDonald’s. By the end of 2022, the brand operated over 27,750 stores in over 140 countries, with 99% being franchises. In 2022, their revenue was over $31.11B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

KBP Brands is a KFC and Taco Bell franchisee with over 20 years of experience in the KFC system. They own and operate 800 locations in 26 states. In 2021, they passed over $1 Billion in revenue.

...
1586 West Lane Road, Machesney Park, IL , 61115
  • Size SF 3,000
  • Built/Renov2018
  • Price/SF$873
  • Lease Start04-01-2024
  • Rent/SF$48.00
  • Lease Type Abs NNN
  • Lot/AC0.80
  • Pop 5MI81,582

2,618,000

  • Cap Rate 5.50%
  • NOI $144,000
  • R. Term/Yrs 14.3
  • Guarantor Franchisee
  • # Units 1
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Affluent suburb location

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • KFC will be executing a brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Franchisee
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 1
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. Today, KFC is the second largest (measured by sales) restaurant chain in the world, after McDonald’s. By the end of 2022, the brand operated over 27,750 stores in over 140 countries, with 99% of them being franchises. In 2022, their revenue was over $31.11B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
2425 Milton Avenue, Janesville, WI , 53545
  • Size SF 2,485
  • Built/Renov2008
  • Price/SF$1,054
  • Lease Start04-01-2024
  • Rent/SF$57.95
  • Lease Type Abs NNN
  • Lot/AC0.48
  • Pop 5MI70,479

2,618,000

  • Cap Rate 5.50%
  • NOI $144,000
  • R. Term/Yrs 14.3
  • Guarantor Franchisee
  • # Units 1
  • Major thoroughfare

  • Dense retail corridor

  • Freeway close

  • Highway location

  • Affluent suburb location

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Personal guarantee

  • ...
  • KFC will be executing a brand new 15-year lease with 3 (5-year) options to extend
  • The else features 10% rental increases every 5 years throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Franchisee
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 1
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. Today, KFC is the second largest (measured by sales) restaurant chain in the world, after McDonald’s. By the end of 2022, the brand operated over 27,750 stores in over 140 countries, with 99% of them being franchises. In 2022, their revenue was over $31.11B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
100 Northside Drive, Bennington, VT , 05201
  • Size SF 3,317
  • Built/Renov1987
  • Price/SF
    $352
    $360
  • Lease Start06-15-2021
  • Rent/SF$21.58
  • Lease Type Abs NNN
  • Lot/AC1.32
  • Pop 5MI18,578
1,169,140
1,193,000
  • Cap Rate
    6.12%
     
    6.00%
  • NOI $71,580
  • R. Term/Yrs 6.5
  • Guarantor Franchisee
  • # Units 75
  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Freeway close

  • Strong tenant synergy

  • Absolute NNN

  • Traded and rated company

  • Personal guarantee

  • 50+ unit franchisee backed

  • ...
  • KFC | Taco Bell has 7+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 7.5% rental increases every 5 years throughout the initial term and at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Franchise Management Inc.
  • Tenant KFC | Taco Bell
  • Guarantor Franchisee
  • #Units 75
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Franchise Management Inc. (FMI) is one of the largest Pizza Hut, KFC, and Taco Bell franchise operators in North America. FMI also operates Panera Bread cafes in Canada. FMI Group is proud to own and operate more than 340 locations across Canada and the United States. All operations are administered from our Business Support Center in Woodstock, New Brunswick, Canada.

The owners, Dwight and Greg, are immensely proud of the team that has become FMI. They attribute much of their success to the powerhouse brands and partners they work with, and the strong team of leaders they surround themselves with. The FMI team is over 6,500 and growing, spread across North America. FMI is fortunate to employ a diverse, dedicated team that enables their continued growth. FMI actively recruits and hires both local talent and candidates looking for work in North America. FMI prides itself on attracting and developing talented team members and leaders – FMI is successful when its employees grow as they grow. The opportunities are endless with FMI Group. We believe in serving our guests from best-in-class restaurants and storefronts. FMI is continually building and renovating our restaurants and Cafes. By reinvesting millions of dollars into our locations and local economies each year, we maintain dominant brands that grow sales. FMI brands will be relevant and ready to grow for many years to come.

...
2200 North Green Bay Road, North Chicago, IL , 60064
  • Size SF 2,207
  • Built/Renov2001
  • Price/SF
    $362
    $426
  • Lease Start10-01-2017
  • Rent/SF$25.56
  • Lease Type Abs NNN
  • Lot/AC0.22
  • Pop 5MI147,623
800,000
940,000
  • Cap Rate
    7.05%
     
    6.00%
  • NOI $56,400
  • R. Term/Yrs 2.9
  • Guarantor Franchisee
  • # Units 800
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Traded and rated company

  • Top franchise operator

  • ...
  • KFC (dark location) has 3+ years remaining on the current lease term
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by KBP Brands | Over 800 units backed
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 800
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. Today, KFC is the second largest (measured by sales) restaurant chain in the world, after McDonald’s. By the end of 2022, the brand operated over 27,750 stores in over 140 countries, with 99% of them being franchises. In 2022, their revenue was over $31.11B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
135 Allan Avenue, Owatonna, MN , 55060
  • Size SF 2,872
  • Built/Renov1993/2017
  • Price/SF $181
  • Lease Start09-22-2016
  • Rent/SF$14.48
  • Lease Type Abs NNN
  • Lot/AC0.80
  • Pop 5MI27,345

520,000

  • Cap Rate 8.00%
  • NOI $41,580
  • R. Term/Yrs 1.8
  • Guarantor Franchisee
  • # Units 50
  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Hospital close

  • Strong tenant synergy

  • Highway close

  • Absolute NNN

  • Traded and rated company

  • Personal guarantee

  • 50+ unit franchisee backed

  • ...
  • KFC has 2+ years remaining on the current lease term
  • Absolute NNN | Zero landlord responsibilities
  • Franchisee guarantee with largest KFC franchise in Minnesota with 50+ stores
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 50
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. Today, KFC is the second largest (measured by sales) restaurant chain in the world, after McDonald’s. By the end of 2022, the brand operated over 27,750 stores in over 140 countries, with 99% of them being franchises. In 2022, their revenue was over $31.11B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
703 East Atlantic Street, South Hill, VA , 23970
  • Size SF 3,893
  • Built/Renov1989
  • Price/SF$800
  • Lease Start03-20-2019
  • Rent/SF$33.99
  • Lease Type Abs NNN
  • Lot/AC1.04
  • Pop 5MI9,106

3,113,223

  • Cap Rate 4.25%
  • NOI $132,312
  • R. Term/Yrs 14.3
  • Guarantor Franchisee
  • # Units 186
  • Dense retail corridor

  • Shopping Ctr out-parcel

  • Strategically located

  • Freeway close

  • Highway location

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • 100+ unit franchisee backed

  • Personal guarantee

  • ...
  • KFC | Taco Bell has 15+ years remaining on the primary lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases every 5 years | Next increase April 2024
  • Absolute NNN | Zero landlord responsibilities
  • Low rent-to-sales ratio
  • Lease guaranteed by Luihn VantEdge Partners (185 units)
  • Tenant KFC | Taco Bell
  • Guarantor Franchisee
  • #Units 186
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

Luihn VantEdge Partners, LLC (LVE) is a leading American franchisee of Yum! Brands. They operate a quick-service restaurant network under the banners of Taco Bell, KFC, Lohn John Silver’s and Pizza Hut Express. Luihn Foods opened their first KFC franchise in 1966 (Boone, NC). By the end of 1993, they owned nearly 20 locations and had pioneered the Two-in-One concept between KFC and Taco Bell (Sanford, NC). In 2019, Luihn partnered with VantEdge Parters and underwent a major recapitalization, becoming Luihn VantEdge Partners. Focused on aggressive future expansion, LVE acquired 47 Taco Bells the following year (2020). As of the end of 2023, the private company employs over 5,000 people and operates nearly 200 restaurants in North Carolina, South Carolina, Virginia, Florida and Arizona. They are headquartered in Morrisville, NC.

...
12313 Capital Boulevard, Wake Forest, NC , 27587
  • Size SF 2,652
  • Built/Renov1989/2017
  • Price/SF$745
  • Lease Start03-20-2019
  • Rent/SF$29.81
  • Lease Type Abs NNN
  • Lot/AC1.00
  • Pop 5MI97,750

1,976,400

  • Cap Rate 4.00%
  • NOI $79,056
  • R. Term/Yrs 14.3
  • Guarantor Franchisee
  • # Units 185
  • Dense retail corridor

  • Strategically located

  • Highway location

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Low rent to sales ratio

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • 100+ unit franchisee backed

  • ...
  • KFC has 15+ years remaining on its primary lease term with 2 (5-year) options to extend
  • The lease features 10% rent increases every 5 years
  • Absolute NNN | Zero landlord responsibilities
  • World-class 185-unit Luihn VantEdge guarantor
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 185
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. Today, KFC is the second largest (measured by sales) restaurant chain in the world, after McDonald’s. By the end of 2022, the brand operated over 27,750 stores in over 140 countries, with 99% of them being franchises. In 2022, their revenue was over $31.11B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
8716 Veterans Memorial Pkwy, O'Fallon, MO , 63366
  • Size SF 2,497
  • Built/Renov2016
  • Price/SF
    $718
    $729
  • Lease Start12-23-2020
  • Rent/SF$44.85
  • Lease Type Abs NNN
  • Lot/AC0.79
  • Pop 5MI156,066
1,792,000
1,821,000
  • Cap Rate
    6.25%
     
    6.15%
  • NOI $112,000
  • R. Term/Yrs 16.0
  • Guarantor Franchisee
  • # Units 800
  • Dense retail corridor

  • Freeway close

  • Highway close

  • Top 100 MSA

  • Strong demographics

  • Affluent AHHI $100K 5 Mi

  • Population increase trend

  • Long 15+ yr lease

  • Absolute NNN

  • Top franchise operator

  • ...
  • Tenant has over 15 years remaining on their current lease with 2 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Franchisee and lease guarantor is an 800+ unit operator of KFC and Taco Bell with over $1B in sales
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 800
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. Today, KFC is the second largest (measured by sales) restaurant chain in the world, after McDonald’s. By the end of 2022, the brand operated over 27,750 stores in over 140 countries, with 99% of them being franchises. In 2022, their revenue was over $31.11B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
201 East 1st Avenue, Crossett, AR , 71635
  • Size SF 2,614
  • Built/Renov1990
  • Price/SF$191
  • Lease Start05-01-2023
  • Rent/SF$18.94
  • Lease Type Abs NNN
  • Lot/AC0.65
  • Pop 5MI10,289

500,000

  • Cap Rate 9.90%
  • NOI $49,500
  • R. Term/Yrs 3.4
  • Guarantor Franchisee
  • # Units 64
  • Hard corner intersection

  • Near major nationals

  • Strategically located

  • Hospital close

  • Strong tenant synergy

  • Brand new lease

  • Absolute NNN

  • Traded and rated company

  • Personal guarantee

  • 50+ unit franchisee backed

  • ...
  • KFC has 4+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features a 7.5% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by FMI Group (64 units backed)
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 64
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. Today, KFC is the second largest (measured by sales) restaurant chain in the world, after McDonald’s. By the end of 2022, the brand operated over 27,750 stores in over 140 countries, with 99% of them being franchises. In 2022, their revenue was over $31.11B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
413 South State Highway 78, Wylie, TX , 75098
  • Size SF 2,034
  • Built/Renov1992/2017
  • Price/SF $981
  • Lease Start06-01-2023
  • Rent/SF$46.59
  • Lease Type Abs NNN
  • Lot/AC0.57
  • Pop 5MI146,355

1,994,926

  • Cap Rate 4.75%
  • NOI $94,759
  • R. Term/Yrs 13.11
  • Guarantor Franchisee
  • # Units 840
  • In location for years

  • Near major nationals

  • Highway location

  • Dense 100M+ pop 5 mi

  • Affluent AHHI $100K 5 Mi

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • Top franchise operator

  • ...
  • KFC has operated at this location since 1992 and remodeled this location in 2017
  • Tenant has 15+ years remaining on their primary term with 2 (5–year) options to extend
  • Lease features 7% rental increases every 5 years
  • Absolute NNN lease I Zero landlord responsibilities
  • Franchise guaranteed by KBP Foods (840+ units)
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 840
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. Today, KFC is the second largest (measured by sales) restaurant chain in the world, after McDonald’s. By the end of 2022, the brand operated over 27,750 stores in over 140 countries, with 99% of them being franchises. In 2022, their revenue was over $31.11B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
801 South Craig Avenue, Covington, VA , 24426
  • Size SF 2,217
  • Built/Renov1993/2018
  • Price/SF$902
  • Lease Start12-01-2021
  • Rent/SF$49.62
  • Lease Type Abs NNN
  • Lot/AC1.02
  • Pop 5MI9,457

1,999,999

  • Cap Rate 5.50%
  • NOI $110,000
  • R. Term/Yrs 16.11
  • Guarantor Franchisee
  • # Units 840
  • Signalized intersection

  • Hard corner intersection

  • Oversized lot

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Top franchise operator

  • ...
  • KFC has over 18 years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features a 7% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Lease guarantee by FQSR, LLC dba KBP Foods (840+ locations)
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 840
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. Today, KFC is the second largest (measured by sales) restaurant chain in the world, after McDonald’s. By the end of 2022, the brand operated over 27,750 stores in over 140 countries, with 99% of them being franchises. In 2022, their revenue was over $31.11B. The chain is a subsidiary of Yum! Brands.

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
3440 West Fond Du Lac Avenue, Milwaukee, WI , 53210
  • Size SF 2,100
  • Built/Renov1985/2021
  • Price/SF $369
  • Lease Start02-15-2006
  • Rent/SF$43.92
  • Lease Type Abs NNN
  • Lot/AC0.39
  • Pop 5MI490,947

775,000

  • Cap Rate 11.90%
  • NOI $92,225
  • R. Term/Yrs 2.5
  • Guarantor Franchisee
  • # Units 200
  • Recent renovation

  • In location for years

  • Strategically located

  • Hospital close

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Long operation history

  • Absolute NNN

  • Personal guarantee

  • Over 100 Units backed

  • ...
  • KFC has been operating at this site since 2006
  • Tenant has over 4 years remaining on the current lease term with 1 (10-year) option and 2 (5-year) options to extend
  • Lease features no rental increases
  • Absolute NNN lease presents zero landlord responsibilities
  • Guaranteed by Mitra Midwest Operations, LLC, with over 200 locations
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 200
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. Today, KFC is the second largest (measured by sales) restaurant chain in the world, after McDonald’s. By the end of 2022, the brand operated over 27,750 stores in over 140 countries, with 99% of them being franchises. In 2022, their revenue was over $31.11B. The chain is a subsidiary of Yum! Brands. 

 

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

...
1401 18th Avenue Northwest, Austin, MN , 55912
  • Size SF 2,000
  • Built/Renov2004/2022
  • Price/SF
    $571
    $600
  • Lease Start01-01-2022
  • Rent/SF$33.00
  • Lease Type Abs NNN
  • Lot/AC0.54
  • Pop 5MI28,372
1,142,500
1,200,000
  • Cap Rate
    5.78%
     
    5.50%
  • NOI $66,000
  • R. Term/Yrs 8.0
  • Guarantor Franchisee
  • # Units 340
  • Recent renovation

  • Major thoroughfare

  • Shopping Ctr out-parcel

  • Freeway close

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Investment grade tenant

  • Top franchise operator

  • ...
  • Tenant has 10 years remaining in their initial lease term with 2 (5-year) options to extend
  • The lease features rental increases every 5 years beginning with a $6,000 increase in lease year 5 and throughout options to extend
  • Strong franchisee guarantee from Franchise Management Investors US, LLC
  • Tenant KFC
  • Guarantor Franchisee
  • #Units 340
  • Moody's/S&P Ba2/ BB+
  • Stock NYSE: YUM

The KFC Corporation (aka Kentucky Fried Chicken) is an American fast-food chain that specializes in fried chicken. KFC's core product offering is pressure-fried on-the-bone chicken pieces seasoned with Colonel Harland Sanders' "Original Recipe" of 11 herbs and spices. Sanders was an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky, during the Great Depression (1939). By 1952, the first KFC franchise opened in Salt Lake City, UT. They are one of the few brands in America with a decades-long history of success and have been operating for more than 70 years. Today, KFC is the second largest (measured by sales) restaurant chain in the world, after McDonald’s. By the end of 2022, the brand operated over 27,750 stores in over 140 countries, with 99% of them being franchises. In 2022, their revenue was over $31.11B. The chain is a subsidiary of Yum! Brands. 

 

Yum! Brands, Inc. (or Yum!) (NYSE: YUM), formerly Tricon Global Restaurants, Inc., is an American fast food corporation. Yum! operates the brands KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China. Founded in 1977, when PepsiCo acquired Pizza Hut, the company currently operates over 55,300 company-owned and franchised restaurant locations across 156 countries and territories worldwide. The company closed out 2022 with system sales of $59.2B, across all divisions, with a current market cap of $36.07B. The company has an S&P rating of BB+ and a long-term credit rating of Ba2 from Moody’s. They are headquartered in Louisville, KY.

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