401-410 Elmira Rd
Ithaca, NY 14850
KFC - ITHACA, NY · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
- New, High-Quality, Build-to-Suit Construction of KFC’s Newest “American Showman” Prototype in 2022
- Excellent Visibility & Access on Elmira Rd where Traffic Counts Exceed 21,130 CPD!
- KBP Foods (the Largest KFC Franchisee in the U.S.) Operates ±850 Locations in 27 States (20% of Locations in the U.S. System) and will Generate Sale
- Sale Performance Since Opening is Tracking to Hit $2,000,000 in Gross Sales (8% Rent to Sales Ratio) - Well-Above the National Average!
- 2021 DEMOGRAPHICS: Total Population (5-MI): 63,231 | Average Household Income (1-MI): $82,262
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,166 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Lot Size
10.00 AC
Zoning
Commercial
Parking
300 Spaces
Frontage
411 FT on Elmira Rd Rd
AMENITIES
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 500700-130-000-0002-001-011-0000 | Improvements Assessment | $1,000,000 |
| Land Assessment | $750,000 | Total Assessment | $1,750,000 |
