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750 Main St
Poughkeepsie, NY 12603
KFC: Brand New 20 Year Absolute NNN Lease · Retail Property For Sale
PROPERTY FACTS
ABOUT 750 MAIN ST , POUGHKEEPSIE, NY 12603
KFC has a brand new 20-year Absolute NNN Lease with attractive 7% rental escalations every 5 years and two 5-year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US, operating 690 locations in 23 states and will generate sales in excess of $800 million in 2019. This asset has been successfully open and operating for decades with an attractive 7.55% rent-to-sales ratio. KFC is located in Poughkeepsie, New York on the main east/west thoroughfare on Main Street with excellent drive-by visibility. Nearby retailers include: Stop & Shop, Big Lots, Family Dollar, Dollar General, AutoZone, Rite Aid, Walgreens, CVS Pharmacy, AT&T, Sally Beauty, GameStop, etc. The subject location is less than half a mile from Vassar College (enrollment of 2,400), 2.5 miles from Dutchess Community College (enrollment of 9,905) 4 miles from Marist College (enrollment of 6,657), 2.5 miles from Vassar Brothers Medical Center (365 beds), and 3 miles from MidHudson Regional Hospital (243 beds). In Association with New York Designated Broker: Andrew T. Knight, New England Commercial Brokerage, Inc. #10311206075
PROPERTY TAXES
| Parcel Number | 134689-6161-07-694830-0000 | Improvements Assessment | $363,800 |
| Land Assessment | $228,200 | Total Assessment | $592,000 |
PROPERTY TAXES
