About This Restaurant
Investment Highlights
Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years! Generated sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations) Excellent drive-by visibility/access on PA-346/Washington St (main east/west thoroughfare in Bradford) KBP Foods (the largest KFC franchisee in the U.S.) operates ?800 locations in 28 states (+20% of KFC locations in the U.S. system) New 2024 conversion (total rebuild except exterior walls) - slated to open in July 2024 (est. - under construction) 2023 DEMOGRAPHICS: Total Population (5-MI): 16,758 | Average Household Income (1-MI): $85,960
Executive Summary
(Building & Land) Fee Simple
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Bank General Retail Restaurant General Retail Storefront Fast Food
- Building Size 2,402
- Building Class C
- Year Built 2024
- Price 1,867,000
- Price Per SF 777
- Cap Rate 6
- NOI 112,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 0.52 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Restaurant
- Signage
- Drive Thru
Date Created: | 2024-07-16 04:18:11 | Last Updated: | 2024-07-16 04:18:11 |
Address: | 119 W Washington St , Bradford, Pennsylvania, 16701 |