122 N Market St 10,000 SF 100% Leased Retail Building Ligonier Township, PA 15658 $1,450,000 ($145/SF) 7% Cap Rate

Fox’s Pizza Den is a national pizza franchise system founded in 1971 by Jim Fox in Pitcairn, Pennsylvania. The brand began as a single neighborhood pizza shop and expanded rapidly through franchising after introducing home delivery in the early 1970s—an innovation that helped differentiate Fox’s in smaller and mid-sized markets. The company formally incorporated as a franchisor in 1974, establishing a model focused on owner-operators and local community presence. Today, Fox’s Pizza Den operates 200+ franchise locations across approximately 25 U.S. states, with a concentration in Pennsylvania, Ohio, West Virginia, Virginia, and the Southeast. All restaurants are independently owned and operated by franchisees, while corporate provides branding, distribution, training, and marketing support. The company emphasizes consistency of product and affordability rather than upscale dining or experiential design.

Subway began in 1965 when Fred DeLuca and Peter Buck opened a submarine sandwich shop in Connecticut with a small investment and a handshake. The company grew through franchising and developed from a local sandwich shop into a global restaurant brand serving freshly made sandwiches at a value-oriented price point. Subway’s menu centers on submarine sandwiches and wraps, with additional offerings that include salads, cookies, soft drinks, and selected pizza items at some locations. The business operates through a large franchise network and maintains a significant presence across international markets while continuing to emphasize convenient, customizable meals.