October 5, 2017 – Brian Ahrens of Horvath & Tremblay has successfully completed the sale of a free standing KFC in Rossford, OH. Horvath & Tremblay procured the 1031 exchange buyer to close the property at a sale price of $2,600,000.
KFC fully occupies the 2,953-square foot property located on an outparcel to Meijer Market and adjacent to Sonic, Five Guys and GameStop. KFC is located at the epicenter of the retail corridor in Rossford with numerous national retail tenants including: Walmart, Home Depot, Lowe’s, Kroger, Target, CVS, Walgreens, PetSmart and many others. The property is strategically positioned with high visibility to traffic counts in excess of 30,000 vehicles per day along Fremont Pike. An additional 45,000 vehicles pass the site along Interstate 75 daily. KFC operates under a triple net lease with 19 years remaining on the base term and four, 5-year options. Rental escalations of 2% are scheduled at the beginning of each option period. This KFC location is operated by one of the largest KFC franchises in the US with over 449 locations in 20 states.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.