3826 US Highway 23 - Fast Food FOR SALE


Portsmouth, OH 45662
$2,549,000 USD
480-221-4221
3826 US Highway 23, Portsmouth, OH for Sale
$2,549,000 USD
Fast Food - FOR SALE
1/10
null | 5.75% Cap Rate

3826 US Highway 23
Portsmouth, OH 45662


HIGHLIGHTS

  • 15+ Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Retail Corridor | National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, KFC and Taco Bell investment property located in Portsmouth, Ohio. The tenant, KBP Foods, has over 15 years of term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,549,000 USD

PRICE/SF

$875 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC/Taco Bell | 15+yrs Remaining Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

Commercial

APN/PARCEL ID

05-0561.000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.