109 State St | Schenectady, NY 12305
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- LoopNet Team
109 State St
Schenectady, NY 12305
KFC (840+ UNIT GUARANTY) – SCHENECTADY - NY · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Subject Property benefits from a brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years with two 5-year option
- Will generate sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations)
- Well-positioned in Downtown Schenectady in high density residential/commercial area!
- KBP Foods (the largest KFC franchisee in the U.S.) operates ±840 locations in 28 states (+20% of KFC locations in the U.S. system)
- Successfully open & operating for decades with an attractive 8.20% rent to sales ratio! Slated to remodel in 2025
- 2023 AFFLUENT DEMOGRAPHICS | Population: 145,979 | Average Household Income: $98,645
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,014 SF
Building Class
B
Year Built/Renovated
1988/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.24 AC
Zoning
C
Frontage
37’ on State St
AMENITIES
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 039-071-0002-003-000-0000 | Improvements Assessment | $344,700 |
| Land Assessment | $30,300 | Total Assessment | $375,000 |
PROPERTY TAXES
Parcel Number
039-071-0002-003-000-0000
Land Assessment
$30,300
Improvements Assessment
$344,700
Total Assessment
$375,000
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