KFC
Erie, Pennsylvania
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NNN Pro is pleased to present the exclusive listing for a KFC located at 1116
Parade Street, Erie, PA 16503. The site consists of roughly 2,748 rentable
square feet of building space on an estimated 0.74-acre parcel of land. This
KFC is subject to a 20-year Triple Net (NNN) lease, which commenced
3/31/2019. The current annual rent is $76,809 and has scheduled increases
of 1.25% Annually Starting in Year 11.
About the Investment:
- Long Term Lease | Brand-New 20-Year Triple Net (NNN) Lease
- Strong Inflation Hedge | 1.25% Annual Increases Starting in Year 11
- Strong Guarantee | 68-Unit Franchisee Guarantee from Morgan Foods, Inc.