Marcus & Millichap is pleased to present the exclusive listing for a KFC located at 525 S State Street in Westerville, Ohio. The site consists of roughly 2,475 rentable square feet of building space on estimated 0.73-acre parcel of land. This KFC will be subject to a brand new 20-year absolute triple-net (NNN) lease, which will commence at the Close of Escrow. The current annual rent is $67,340 and is scheduled to increase by 1.25% annually starting in year 6 throughout the base term and in each of the 4, 5-year renewal options.
✓ Brand New 20-Year Absolute Triple Net (NNN) Lease to be Signed at Closing
✓ 1.25% Annual Rental Increases Starting in Year 6
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to
✓ Fee Simple Ownership