Restaurant
40 Year Proven KFC - $1.229M
1116 Parade St, Erie, PA 16503
Listing Price: $1,229,000
Cap Rate
6.25%
Tenant Name
KFC
Years Remaining On Lease
13.1
Guarantor
Franchisee Guarantee
Rentable SF
2,750
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.93
Investment Overview
Marcus & Millichap is pleased to exclusively present 1116 Parade Street, Erie, Pennsylvania.
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
Listing Price: $1,229,000
Cap Rate
6.25%
Tenant Name
KFC
Years Remaining On Lease
13.1
Guarantor
Franchisee Guarantee
Rentable SF
2,750
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.93
Investment Highlights
- Full-Service Kentucky Fried Chicken (KFC) Restaurant with Drive/Thru
- Zero Landlord Responsibilities
- Low Price Point for a National Franchise like KFC
Investment Overview
Marcus & Millichap is pleased to exclusively present 1116 Parade Street, Erie, Pennsylvania.
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
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