10200 Us-20 Rossford, OH 43460

Property Details for 10200 Us-20

Year built

2009

Lot size

1.49 lot acres

Property size

2,953 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents the fee simple interest in a freestanding KFC restaurant located at 10200 US-20 in Rossford, Ohio. The property boasts a 2,953 square foot building on a 1.49-acre lot, constructed in 2009. The property benefits from a strong 7.00% cap rate and a substantial net operating income (NOI) of $192,266. The current lease, an absolute NNN agreement with the franchisee, commenced March 31, 2016, and expires March 30, 2036, providing a remaining lease term of 11.4 years. The lease includes four, five-year renewal options with attractive rent bumps, ensuring a steady income stream and protection against inflation. The tenant, FSQR, LLC, is owned by KBP Foods, the largest KFC franchisee in the United States, providing exceptional financial stability. This prime location enjoys high visibility on US Routes 20 & 23, a major commercial corridor, with excellent access to Interstates 75, 80, 90, and 475. The property is strategically positioned near major retailers including Meijer, Walmart, and Target, benefiting from significant traffic counts exceeding 43,000 vehicles daily. The surrounding area boasts a strong demographic profile, with over 24,900 people within a 3-mile radius and an average household income exceeding $126,215. This is a truly passive investment opportunity with zero management responsibilities, offering significant long-term growth potential. The property is situated in a thriving commercial district with numerous national retailers, ensuring consistent customer traffic and a robust market presence.

Location Insight

City

Rossford

County

Wood

State

Ohio

Longitude

-83.5903

Latitude

41.5455