1306 Memorial BlvdConnellsville, PA 15425
- Retail properties
- 2,822 SF
Property Details for 1306 Memorial Blvd
- Year built
- 1985
- Lot size
- 0.40 AC
- Property size (Sq ft)
- 2,822 SF
- Property type
- Retail properties
Description
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.
Location Insight
- City
- Connellsville
- County
- Fayette
- State
- Pennsylvania
- Latitude
- 40.0363
- Longitude
- -79.5844
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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