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1712 W State St
Fremont, OH 43420

KFC/Long John Silvers: 20 Yr Absolute NNN Lse · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,432 SF
Building Class
C
Year Built/Renovated
1994/2018
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.79 AC
Parking
44 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
197 ft on State St

About 1712 W State St , Fremont, OH 43420

KFC/Long John Silver’s has a brand-new 20-year Absolute NNN lease with 7% rental escalations every 5 years with two 5-year renewal options. The tenant, KBP Foods is the largest KFC franchisee in the US with 687 locations in 23 states and will generate sales in excess of $780 million in 2019. This asset has been successfully open and operating for decades with an 8.0% rent-to-sales ratio and has been recently remodeled to the “American Showman” prototype in 2018. KFC/Long John Silver’s is located in Fremont, Ohio on the main east/west thoroughfare with excellent drive by visibility. Nearby retailers include: Walmart Supercenter, Lowe’s Home Improvement, Kroger, JOANN Fabrics, ALDI, Rite Aid, Walgreens, Dollar Tree, Dollar General, Family Dollar, Goodwill, Ace Hardware, Rent-A-Center, NAPA Auto Parts, Advance Auto Parts, O’Reilly Auto Parts, etc. The subject location is just 1.5 miles from ProMedica Hospital (186 beds). *In Association with Ohio Local Broker: Branen L. Weade | Weade Realtors & Auctioneers, LLC | OH License # 2010000811

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 34-50-00-5393-00
  • 34-50-00-5329-00
  • 34-50-00-5390-00
Land Assessment
£43,245
Improvements Assessment
£5,264
Total Assessment
£48,509
  • Listing ID: 14794192

  • Date on Market: 07/01/2019

  • Last Updated:

  • Address: 1712 W State St, Fremont, OH 43420

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