490 North Ave - Fast Food FOR SALE


New Rochelle, NY 10801- Downtown New Rochelle
$2,285,714 USD
503-307-0382
490 North Ave, New Rochelle, NY for Sale
$2,285,714 USD
Fast Food - FOR SALE
1/5
null | 5.25% Cap Rate

490 North Ave
New Rochelle, NY 10801
Downtown New Rochelle


HIGHLIGHTS

  • RARE NEW YORK CITY REAL ESTATE - 16 MILES TO UPPER MANHATTAN
  • BELOW-MARKET RENT | LONG-TERM LEASE SECURITY
  • AFFLUENT DEMOGRAPHICS & STRONG FUNDAMENTALS
  • EXPANDING GROWTH CORRIDOR | PRIVATE INVESTMENT MOMENTUM
  • TRANSIT-ORIENTED LOCATION
  • INSTITUTIONAL ANCHORS & TRAFFIC ENGINES

OVERVIEW

The Northmarq National Restaurant Group is pleased to offer this single-tenant KFC property located at 490 North Avenue in New Rochelle, New York. The asset features an absolute NNN lease with approximately 18.5 years remaining and four five-year renewal options. With zero landlord responsibilities and 10 percent rent increases every five years, the property provides investors with stable long-term income backed by one of the most established quick-service restaurant brands in the world. Single-tenant QSR opportunities in Westchester County are exceptionally scarce, with only two properties coming to market since 2020. Positioned along North Avenue, a key corridor connecting downtown New Rochelle, Iona University, and the Metro North Station, the site benefits from excellent visibility, high traffic counts, and access to a dense population exceeding 500,000 residents within five miles. The surrounding area’s average household income of more than 187,000 dollars supports strong purchasing power and steady restaurant demand. New Rochelle’s downtown is undergoing a major transformation with more than one billion dollars in private investment and ten thousand new residential units planned or underway. Within one and a half miles, projects such as Stella, The Rockwell, and Highgarden Tower have added significant housing and foot traffic to the area. Supported by nearby anchors including Montefiore New Rochelle Hospital and Iona University, this KFC combines long-term lease security, strong demographics, and irreplaceable New York metro real estate, creating a rare and compelling investment opportunity.

FOR SALE DETAILS

PRICE

$2,285,714 USD

PRICE/SF

$1,524 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

-

APN/PARCEL ID

1000-000-005-01401-000-0056

ASK ABOUT THIS PROPERTY

Matt LipsonNorthmarqMore Info
503-307-0382

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Matt LipsonNorthmarqMore Info
503-307-0382

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.