KFC Absolute NNN
For Sale
$1,498,000
200 Richmond St, Painesville, OH 44077
Renovated quick-service restaurant with multiple access points, parking, and prominent Richmond Street signage.
Property Size1,823 SF
Price / SF$821.72
Days on Market150
Property Features for 200 Richmond St
General Information
Standard status
Active
Size
1,823 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Amenities
Absolute Net Lease - Zero Landlord Responsibilities
15+ Years Remaining on Term - Lease Includes 7% Increases Every 5 Years
Excellent Visibility & Access - Three Points of Ingress/Egress With Frontage on Richmond Street - 10,000+ VPD
Guarantee From KBP Foods - Largest KFC Franchisee – 1,100+ Stores Operated
Qualifies For 100% Bonus Depreciation - Contact Listing Agent For Estimate Of Savings
Long Term Tenancy - KFC Has Operated at This Site For 34 Years - New NNN Lease Signed In 2021
No Direct Competition Nearby - Only KFC Within a 7 Mi Radius – Closest Chicken Based QSR is 4 Mi Away
Strong Residual Value - Low Rent QSR Compared to Market - Upside
Building Details
Building Size
1,823 SF
Listing Agency:
Miami Office
(786) 522-7009
Listed By:
Scott C. Sandelin · License #FL: SL636794
(786) 522-7009
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 29
Last Checked: Aug 29 at 6:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miami Office
Investment Insights
Based on property information with market context.
This KFC quick-service restaurant occupies a 1,823 SF building constructed in 1992 and renovated in 2015. The property sits on a just under 1/2-acre parcel and operates under an absolute triple net lease with approximately 15.5 years remaining. Lease provisions include two five-year extension options and 7% rent increases every five years. The site has three points of ingress and egress, ample parking, and high-visibility signage along Richmond Street.
The property is positioned at Richmond Street near East Erie Street and SR 2, where combined traffic counts exceed 60,000 vehicles per day. Richmond Street carries 10,000+ VPD, East Erie Street carries 8,800+ VPD, and SR 2 carries 42,000+ VPD. More than 40,000 residents live within a 3-mile radius, with average household income of about $79,000.
KBP Foods operates the restaurant under a guarantee and is identified as the largest KFC franchisee, with over 1,100 stores. The location has operated for over 34 years, and nearby development includes Victoria Place with 78 market-rate apartments.
The property is positioned at Richmond Street near East Erie Street and SR 2, where combined traffic counts exceed 60,000 vehicles per day. Richmond Street carries 10,000+ VPD, East Erie Street carries 8,800+ VPD, and SR 2 carries 42,000+ VPD. More than 40,000 residents live within a 3-mile radius, with average household income of about $79,000.
KBP Foods operates the restaurant under a guarantee and is identified as the largest KFC franchisee, with over 1,100 stores. The location has operated for over 34 years, and nearby development includes Victoria Place with 78 market-rate apartments.
Key Highlights
- Absolute triple net lease with approximately 15.5 years remaining
- Two (2) five‑year options to extend with 7% rent increases every five years
- 1,823 SF building constructed in 1992 and renovated in 2015
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
Explore this area
Business Placement
Demographics for 44077, OH
58,253
Population
24,928
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
60.5 sq mi
ZIP Area
963
Density / Sq Mi
$80,692
Median Household Income
$45,315
Median Earnings
$972
Median Rent
$217,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Renovated quick-service restaurant with multiple access points, parking, and prominent Richmond Street signage.
Where is this nnn property located?
The property is located at 200 Richmond St Painesville, OH.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Absolute triple net lease with approximately 15.5 years remaining; Two (2) five‑year options to extend with 7% rent increases every five years; 1,823 SF building constructed in 1992 and renovated in 2015
