KFC | Long John Silver’s

York (Loucks Rd), PA

Price $2,691,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Available
Tenants KFC | Long John Silver's
LEASE TYPE Absolute NNN
SQUARE FEET 3,902
PRICE/SQ FT $689
YEAR BUILT 1984 | 2007
LEASE EXP. 04/16/2038
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Brian Brockman, Bang Realty, Inc.
Pennsylvania Local Broker #RM423816

Property Description

KFC-Long John Silver’s has a new 20 year Absolute NNN lease with 1.50% annual rental escalations with four renewal options. The tenant, Mitra, is one of the largest KFC YUM! Brand operators with 203 locations throughout 15 states! This location has been owned and operating for decades with an attractive 7.92% rent to sales ratio.

KFC-Long John Silver’s is located in York, Pennsylvania situated on a hard corner between Chipotle Mexican Grill and Chick-Fil-A with high driveby visibility. Nearby retailers of the subject property include Tractor Supply Co., Ashley HomeStore, ALDI, Goodwill, Dollar Tree, Staples; Nearby retailers include Walmart Supercenter, Target, Weis Markets, Dick’s Sporting Goods, Kohl’s, Lowe’s Home Improvement, TJ Maxx, GIANT Food Stores, etc. Also located only 4 miles from WellSpan York hospital and 5 miles from Memorial Hospital York.

*In Association with Pennsylvania Local Broker: Brian Brockman

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 1.50% Annual Rental Escalations
  • Excellent Driveby Visibility/Access – Situated on the Hard Corner (Between Chipotle Mexican Grill & Chick-Fil-A) where Traffic Counts Exceed 33,000 CPD!
  • Strong Intrinsic Value: Large ±1.069-Acre Lot with Larger Profile 3,902 SF Building
  • Tenant: Mitra QSR KNE, LLC is One of the Largest KFC YUM! Brand Operators with 203 Locations Throughout 15 States!
  • Open & Operating for Decades with an Attractive 7.92% Rent to Sales Ratio!
  • 2018 Demographics (5-MI): Total Population: 142,960 | Avg HH Income: $71,322