KFC
Retail | 6.25% CAP | 2,200 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a KFC located at 4410 Buffalo Rd, Erie, PA 16510. The site consists of roughly 2,200 rentable square feet of building space on an estimated 0.89-acre parcel of land. This KFC is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $84,004 and has scheduled increases of 1.25% starting in year 6.
Investment highlights
Long Term NNN Lease | A brand new 20-year lease will be signed at the close of escrow, with no landlord responsibilities along with four, five-year tenant renewal options. This brings the potential lease term to forty years.
Attractive Rental Increases | The lease will feature ten percent (10%) rental increases every five (5) years throughout the base term and option periods, providing a hedge against inflation.
Experienced Operator | Headquartered in Richardson, TX, Ampex Brands is the 17th largest franchisee in the United States according to Franchise Times Top 200. Ampex operates around 400 units of KFC, Taco Bell, Tim Horton's, Long John Silver's, and 7-Elevens.
National Concept | The KFC system serves more than 12 million customers each day in more than 115 countries and territories around the world. KFC operates more than 17,000 restaurants in the US and internationally.
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