September 9, 2021 – Rob DiFranco of Horvath & Tremblay has successfully completed the sale of KFC in Geneva, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,580,000.
KFC is located at 1010 South Broadway in Geneva, Ohio. KFC has been at this location for years and recently executed a new 20-year Absolute NNN lease, demonstrating KFC’s commitment to the site and the market. KFC has 19+ years remaining on their lease with two (2) 5-year renewal options remaining. The lease calls for attractive 7% rent increases every five years throughout the base term and at the start of each renewal option. KFC is well-located along South Broadway Geneva’s primary commercial corridor. The property enjoys excellent visibility and frontage and is surrounded by national retailers drawing traffic to the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.