Tenant: KFC
Premises: 2250 SF
Renewal Options: 4 x 5 Year
Lease Expiration: 2017
Lease Type: NNN
Rental Increases: 10% Every 5 Years
- Single Tenant NNN Ground Lease
- Corporate Guaranteed Lease
- Zero Management Responsibility
- Favorable 10% Increases Every 5 Years
- Adjacent to McLain High School
- Established Location
KFC (the name originally stood for Kentucky Fried Chicken) is a fast
food restaurant chain that specializes in fried chicken and is
headquartered in Louisville, Kentucky, in the United States. It is the
world’s second largest restaurant chain (as measured by sales) after
McDonald’s, with 18,875 outlets in 118 countries and territories as of
December 2013. The company is a subsidiary of Yum! Brands, a
restaurant company that also owns the Pizza Hut and Taco Bell
chains.
Yum! Brands, Inc. or Yum! is a United States-based Fortune 500
corporation. Yum! operates four licenses Taco Bell, KFC, Pizza Hut,
and WingStreet restaurants worldwide. Prior to 2011, Yum! also owned
Long John Silver’s and A&W Restaurants.
Based in Louisville, Kentucky, it is the world’s largest fast food
restaurant company in terms of system units—more than 40,000
restaurants around the world in over 125 countries.[3] In 2011, Yum!’s
global sales totaled more than US$14 billion.