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40 Year Proven KFC - $1.229M 1116 Parade St 2,750 SF Retail Building Erie, PA 16503 $1,229,000 ($446.91/SF) 6.25% Cap Rate
Investment Highlights
- Full-Service Kentucky Fried Chicken (KFC) Restaurant with drive/thru
- Zero Landlord Responsibilities
- Ranked in the Top 45% of all KFC Locations Nationally per Placer.ai
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,750 SF
Building Class
B
Year Built
1986
Price
$1,229,000
Price Per SF
$446.91
Cap Rate
6.25%
NOI
$76,809
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.73 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
42 Spaces (15.27 Spaces per 1,000 SF Leased)
Frontage
2,748’ on Parade St
Amenities
- 24 Hour Access
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
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
Parcel Number
15-020-017.0-101.00
Land Assessment
$96,300
Improvements Assessment
$1,029,950
Total Assessment
$1,126,250
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40 Year Proven KFC - $1.229M | 1116 Parade St