Listed by Matthews
$830,171
KFC
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,733
Cap Rate 7.50%
Tenancy Single
Brand/Tenant KFC
Lease Type NNN
Lease Expiration 12/08/2031
Rent Bumps Yes
Lease Options Two, 5 Year Options
Price per SqFt $304
Year Built 1984
Buildings 1
Stories 1
Acreage 1.400
Lease Commencement 05/01/2013
Ownership Fee Simple
7.50% Cap Rate | Low Rent-to-sales | Upcoming 10% rent increase | Abs NNN Lease
Investment highlights
- Attractive Rent Growth: Features a scheduled 10% rent increase in January 2027, followed by additional 10% increases at each renewal option—boosting the effective cap rate to 8.25% starting 1/1/2027.
- Low Rent-To-Sales Ratio: Operating at less than a 6.5% rent-to-sales ratio, the tenant maintains strong unit-level profitability with a significant cushion for rent coverage, indicating healthy store performance and reduced default risk.
- Strong, Nationally Diversified Operator: The property is leased to Ampex Brands, a large multi-concept franchise operating 175+ KFC locations, 75+ Pizza Huts, and 18+ YUM! Multi locations nationwide. The operator’s scale and brand diversification contribute to strong credit resilience and long-term operational stability.
- Below-Market, Easily Replaceable Rent: Current rent is meaningfully below market, enhancing long-term durability and supporting strong residual value with excellent re-tenanting prospects.
- Prime Location & Retail Synergy: Situated just 15 minutes from Downtown Pittsburgh and directly adjacent to a grocery-anchored shopping center, benefitting from consistent daily traffic generated by Giant Eagle, Family Dollar, and other complementary retailers.
- Absolute NNN Lease Structure: The property is governed by a true absolute NNN lease, requiring no landlord responsibilities. This structure provides a fully passive, maintenance-free investment ideal for hands-off investors.
Listing Contacts
Listed by Matthews
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