KFC 1007 Scalp Ave

Investment Highlights

Brand New 20-Year Absolute Triple Net (NNN) Lease to be Signed at Closing Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years 1.25% Annual Rental Increases Starting in Year 6

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for an KFC located at 1007 Scalp Avenue in Johnstown, PA. The site consists of roughly 2,500 rentable square feet of building space on estimated 0.49-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $128,286 and is scheduled to increase by 1.25% annually starting in year 6 throughout the base term and in each of the 4, 5-year renewal options.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food Restaurant
• Building Size    2,500
• Building Class    C
• Year Built    2019
• Price    2,103,050
• Price Per SF    841
• Cap Rate    6.10
• NOI    128,287
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.12
• Land Acres    0.49 AC

• Pylon Sign
• Signage