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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
0.80 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $357,900 | |
| Land Assessment | $538,600 | Total Assessment | $896,500 |
Property Taxes
Parcel Numbers
Land Assessment
$538,600
Improvements Assessment
$357,900
Total Assessment
$896,500
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4410 Buffalo Rd
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