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.