For Sale
Call for price

1306 Memorial BlvdConnellsville, PA 15425

High-return KFC investment, Pennsylvania.

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple investment opportunity features a 2,822 square foot KFC restaurant situated on a 0.4-acre lot at 1306 Memorial Blvd, Connellsville, PA 15425. The property is currently 100% occupied under a triple-net (NNN) lease with a franchisee tenant. The lease commenced September 12, 2028, and has a remaining term of 13.9 years, expiring September 30, 2038. The current annual net operating income (NOI) is $72,240, with a built-in rental increase of 5% every five years, providing strong future income growth. The building was constructed in 1985. This location benefits from its position within a dense retail corridor, including numerous national brands such as McDonald's, Subway, Walmart, and more. The area also boasts a significant student population due to the proximity of several academic institutions, including Geibel Catholic Junior-Senior High School and Connellsville Area High School, with a combined enrollment of 1,468 students. This presents a compelling investment opportunity with a long-term lease, strong tenant, and favorable market dynamics.

Highlights

  • 5% rental increases every five years.
  • High-traffic retail corridor anchored by national tenants including McDonald's, Walmart, and numerous other popular brands.
  • Proximity to significant academic institutions with a combined enrollment exceeding 1,400 students.

Property Details for 1306 Memorial Blvd

Property type
Retail properties
Square Feet
2,822 SF
Year Built
1985
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Connellsville
County
Fayette
State
Pennsylvania
Latitude
40.036347
Longitude
-79.5843771
1306 Memorial Blvd, Connellsville, Pennsylvania

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1306 Memorial Blvd
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