KFC

Johnstown, Pennsylvania

NNN Pro Group is pleased to present the exclusive listing for an KFC located at 1007 Scalp Avenue in Johnstown, PA. The site consists of roughly 2,500 rentable square feet of building space on estimated 0.49-acre parcel of land. This KFC is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $128,286 and is scheduled to increase by 1.25% annually starting in year 6 throughout the base term and in each of the 4, 5-year renewal options.

About the Investment:

✓ Brand New 20-Year Absolute Triple Net (NNN) Lease to be Signed at Closing
✓ 1.25% Annual Rental Increases Starting in Year 6
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Fee Simple Ownership

Key Details

Price:: $2,103,050
Cap Rate:: 6.10%
Annual Rent:: $128,286
Address:: 1007 Scalp Avenue, Johnstown, Pennsylvania 15904
Property Type:: Restaurant - Quick Service
Lease Type:: Absolute Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: Close of Escrow
Lease Expiration:: 20 Years from Close of Escrow
Lease Term Remaining:: 20 Years
Rental Increases:: 1.25% Annually Starting Year 6
Lot Size:: +/- 0.49 Acres
Building Size:: 2,500 SF
Year Built:: 2019
Tenant:: KFC

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Russell Wachtler

rwachtler@nnnpro.com

License: 10401294048

Edward DeMatteis

edematteis@nnnpro.com

Broker of record

Brian Brockman

Bang Realty-Pennsylvania, Inc

License: RM432816

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