This Retail Property is no longer advertised on LoopNet.com.
109 State St
Schenectady, NY 12305
KFC – 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
- Will generate sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations)
- Excellent drive-by visibility/access on State St (main North/South thoroughfare) where traffic counts exceed 22,170 CPD!
- 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
- Fast Food
- General Retail Bank
- General Retail Restaurant
- General Retail Storefront
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
LINKS
PROPERTY TAXES
Parcel Number | 039-071-0002-003-000-0000 | Improvements Assessment | $344,700 |
Land Assessment | $30,300 | Total Assessment | $375,000 |
Listing ID: 31194069
Date on Market: 3/12/2024
Last Updated:
Address: 109 State St, Schenectady, NY 12305
The Seward Place Retail Property at 109 State St, Schenectady, NY 12305 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.