KFC | Long John Silver’s

York (Queen St), PA

Price $1,673,000
Cap Rate 5.50%
TYPE Single-Tenant
STATUS Under Contract
Tenants KFC | Long John Silver's
LEASE TYPE Absolute NNN
SQUARE FEET 3,643
PRICE/SQ FT $459
YEAR BUILT 1989 | 2003
LEASE EXP. 4/16/2038
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% 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 open and operating for decades with an attractive 8.42% rent to sales ratio.

 

KFC – Long John Silver’s is located in York, Pennsylvania just off a hard corner with high driveby visibility where traffic counts exceed 37,040 CPD. Nearby retailers of the subject property include Nell’s Market Fresh Food, Advance Auto Parts; 2 miles from Price Rite Marketplace, Bon-Ton, Dollar General, Tuesday Morning, JOANN Fabrics, Walgreens, CVS Pharmacy, Frank Theatres. Also located only 4 miles from WellSpan York hospital and 5 miles from Memorial Hospital York.

*In Association with: Pennsylvania Local Broker: Brian Brockman, Bang Realty, Inc #RM423816

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 1.50% Annual Rental Escalations
  • High Driveby Visibility just off the Hard Corner where Traffic Counts Exceed 37,040 CPD!
  • Strong Intrinsic Value: Large ±1.433-Acre Lot with Larger Profile 3,643 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 8.42% Rent to Sales Ratio!
  • Demographics: Total Population (5-MI): 125,454 | Avg HH Income (3-MI): $89,173