KFC Bridgeport
Improved Pricing! | 7.50% Cap | KFC | 8.6 Years Remaining
Marketing description
Colliers Hartford is pleased to present the exclusive opportunity to acquire 325/333 Boston Avenue in Bridgeport, Connecticut, a freestanding KFC restaurant leased to an established franchisee under a long-term, triple-net lease. The property was remodeled in 2021 to current KFC brand standards, reflecting the tenant’s ongoing commitment to the location and reducing near-term capital expenditure risk for ownership. Positioned along Boston Avenue (Route 1), one of Bridgeport’s primary thoroughfares, the property benefits from excellent visibility, steady traffic counts, and dense surrounding residential neighborhoods. With a lease structure that requires no landlord responsibilities, investors are offered stable cash flow and built-in rental growth in Connecticut’s largest city.
Investment highlights
Global QSR Brand – KFC The property is leased to a 59+ unit KFC franchisee, providing investors with the stability of one of the world’s most established quick-service restaurant brands. KFC benefits from global brand recognition, a loyal customer base, and consistent demand for quick-service dining, making it a resilient tenant category.
Tenant Commitment The property underwent a full remodel in 2021, modernizing the store to KFC’s current brand standards. This significant capital investment demonstrates the tenant’s long-term commitment to the location and their confidence in its ongoing performance.
Dense Population Base Located in Bridgeport, Connecticut, the state’s largest city with a population of approximately 148,000 residents, the property is supported by strong surrounding density. The Boston Avenue/Mill Hill neighborhood features a large residential base, multifamily housing, and steady pedestrian activity.
High-Visibility, High-Traffic Corridor Positioned along Boston Avenue (Route 1), the property benefits from excellent frontage and visibility in a heavily traveled retail corridor with 15,389 VPD. With consistent vehicular and pedestrian activity and access to public transit routes, the site is ideally situated to capture both daily commuters and neighborhood customers.
Long-Term NNN Lease with Escalations The tenant is currently operating under a 15-year lease that commenced on September 1, 2016. In 2021, the Tenant exercised one of its options early, extending the term through August 31, 2034. With five (5) additional three year options left the lease extends through 2049. The lease features 6% rent escalations every three years, providing predicable rent growth.
Passive, Management-Free Investment This is a true triple-net (NNN) lease, with the tenant responsible for all taxes, insurance, and maintenance. The structure delivers stable, predictable cash flow with minimal landlord responsibilities, making it an ideal fit for passive investors and those seeking a 1031 exchange replacement property.
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