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KFC 1116 Parade St
2,748 SF Retail Building Erie, PA 16503 $1,280,150 ($466/SF) 6% Cap Rate
Investment Highlights
- Long Term Lease | Brand-New 20-Year Triple Net (NNN) Lease.
- Strong Guarantee | 68-Unit Franchisee Guarantee from Morgan Foods, Inc.
- Strong Inflation Hedge | 1.25% Annual Increases Starting in Year 11.
Executive Summary
Property Facts
Amenities
- 24 Hour Access
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing our delicious chicken by hand in tens of thousands of restaurants around the world.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 15-020-017.0-101.00 | Improvements Assessment | $1,029,950 |
| Land Assessment | $96,300 | Total Assessment | $1,126,250 |
PROPERTY TAXES
Presented by
KFC | 1116 Parade St
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