KFC – BRADFORD, PA

Bradford, PA

Price $1,867,000
Cap Rate 6.00%
TYPE Single-Tenant
STATUS Under Contract
Tenant FQSR, LLC dba. KBP FOODS
LEASE TYPE Absolute NNN
SQUARE FEET 2,402
YEAR BUILT July 2024 (Under Construction)
LEASE EXP. 07/31/2044
CONTACT Justin Zahn
480-718-5555
[email protected]

Property Description

KFC has a Brand new 20-year Absolute NNN lease with attractive 7.00% rental escalations every 5 years with two 5-year options to renew. The Tenant, KBP Foods (the largest KFC franchisee in the U.S.) operates ±800 locations in 28 states (+20% of KFC locations in the U.S. system) and generated sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations). Brand new 2024 conversion (total rebuilt with full roof replacement) – slated to open in July 2024 (est. – under construction).

KFC has an Excellent drive-by visibility/access on PA-346/Washington St (main east/west thoroughfare in Bradford) with traffic counts of 9,069 CPD! Retailers in Bradford include Walmart, Tractor Supply, Dunham’s Sports, Big Lots, ALDI, Tops Friendly Markets, Save-A-Lot, True Value, Ace Hardware, Value Home Centers, Dollar Tree, Dollar General, Family Dollar, CVS, Goodwill, Habitat for Humanity, NAPA Auto Parts, AutoZone, Anytime Fitness, YMCA, YWCA; Dining options include Pizza Hut, Little Caesars Pizza, McDonald’s, Arby’s, Dunkin’, Taco Bell, and Burger King. It is 1 mile from University of Pittsburgh at Bradford – a baccalaureate degree-granting, regional campus of the University of Pittsburgh, conferring degrees in over 40 fields of study with a student enrollment of 998 (Fall 2023); Less than 1/2 a mile from Bradford Regional Medical Center – an acute care community hospital that also has a 95-bed skilled nursing facility (The Pavilion), and a comprehensive inpatient and outpatient behavioral health program.

Property Highlights

  • Brand New 20-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years!
  • Brand new 2024 conversion (total rebuilt with full roof replacement) - slated to open in July 2024 (est. - under construction)
  • Excellent drive-by visibility/access on PA-346/Washington St (main east/west thoroughfare in Bradford) with traffic counts of 9,069 CPD!
  • KBP Foods (the largest KFC franchisee in the U.S.) operates ±800 locations in 28 states (+20% of KFC locations in the U.S. system) and generated sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations)
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 16,758 | Average Household Income (1-MI): $85,960