109 State St - Fast Food FOR SALE
Schenectady, NY 12305 |
109 State St
Schenectady, NY 12305
HIGHLIGHTS
- The Subject Property benefits from a brand new 20-year Absolute NNN lease with attractive 7% rental escalations every 5 years with two 5-year option
- KBP Foods (the largest KFC franchisee in the U.S.) operates ±840 locations in 28 states (+20% of KFC locations in the U.S. system)
- Will generate sales in excess of $1 billion in 2023 (FQSR, LLC is the tenant on the lease, encompasses all restaurant locations)
- Successfully open & operating for decades with an attractive 8.20% rent to sales ratio! Slated to remodel in 2025
- Well-positioned in Downtown Schenectady in high density residential/commercial area!
- 2023 AFFLUENT DEMOGRAPHICS | Population: 145,979 | Average Household Income: $98,645
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
KFC – SCHENECTADY - NY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
2014
STORIES
1
YEAR BUILT
1988
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
039-071-0002-003-000-0000
