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KFC 4410 Buffalo Rd 2,200 SF Retail Building Erie, PA 16510 $1,344,058 ($610.94/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term NNN Lease
- Experienced Operator
- Attractive Rental Increases
- National Concept
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a KFC located at 4410 Buffalo Rd, Erie, PA 16510. The site consists of roughly 2,200 rentable square feet of building space on an estimated 0.89-acre parcel of land. This KFC is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $84,004 and has scheduled increases of 1.25% starting in year 6.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,200 SF
Building Class
C
Year Built
1982
Price
$1,344,058
Price Per SF
$610.94
Cap Rate
6.25%
NOI
$84,004
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.89 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-013-105.0-001.00 | Improvements Assessment | $0 |
| Land Assessment | $394,600 | Total Assessment | $394,600 |
PROPERTY TAXES
Parcel Number
27-013-105.0-001.00
Land Assessment
$394,600
Improvements Assessment
$0
Total Assessment
$394,600
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KFC | 4410 Buffalo Rd
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