707 E 23Rd St Fremont, NE 68025

This commercial real estate opportunity features a KFC restaurant operating successfully for decades. The property is positioned on an approximately 0.85-acre lot, offering visibility and access on E 23rd St, a main east-west thoroughfare with a traffic count of 21,409 cars per day. The KFC has over 15 years remaining on an absolute NNN lease, which includes 7.00% rental escalations every 5 years and two 5-year options to renew. The tenant, FQSR, LLC, is the largest KFC franchisee in the U.S., encompassing approximately 800 locations, which is over 20% of all KFC locations in the U.S. system, with anticipated sales exceeding $1 billion in 2026. The parent company of KBP Foods operates approximately 1,100 locations across 4 brands in 32 states. The restaurant has an attractive 9.63% Rent-to-Sales ratio (YE 2025). The property is located one mile from Midland University, a private liberal arts college with nearly 1,700 students, and adjacent to Methodist Fremont, a general medical and surgical hospital with 75 licensed beds (55 acute care and 20 behavioral health beds) serving Dodge and surrounding counties. Major retailers in the vicinity include Walmart, Menards, Tractor Supply, Hobby Lobby, and several others.