Marcus & Millichap has successfully sold a KFC located at 3299 Canfield Road in Youngstown, Ohio. Built in 1978, the property consists of 2,197 square feet of building space and sits on 0.50 acres of land.

This KFC property is subject to a brand new 20-year triple-net (NNN) sale-leaseback that will commence at the close of escrow. The current rent is $66,000 and is subject to 1.25 percent annual rental increases beginning in year six. Additionally, the tenant has four, five-year renewal options. The lease is guaranteed by Morgan Foods Incorporated, a 45-unit entity.

KFC Corporation, based in Louisville, Kentucky, is one of the few brands in America that can boast a rich, decades-long history of success and innovation. It all started with one cook who created a soon-to-be world-famous recipe more than 70 years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. That cook was Colonel Harland Sanders, of course, and now KFC is the worlds most popular chicken restaurant chain, specializing in that same Original Recipe along with Extra Crispy chicken, home-style sides and buttermilk biscuits. There are more than 19,500 KFC outlets in 115 countries and territories around the world. And you know what? Theres still a cook in a kitchen in every last one of them, freshly preparing delicious, complete family meals at affordable prices.

• Brand New 20-Year Triple-Net (NNN) Sale-Leaseback
• There are 1.25 Percent Annual Rental Increases Starting in Year Six
• Has Four, Five-Year Tenant Renewal Options
• A 45-Unit Guarantee from Morgan Foods Incorporated