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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
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

  • Listing ID: 31194069

  • Date on Market: 3/12/2024

  • Last Updated:

  • Address: 109 State St, Schenectady, NY 12305