722 E Main St - Fast Food FOR SALE


Meriden, CT 06450- Meriden/Wallingford
$2,485,600 USD
860-616-4020
722 E Main St, Meriden, CT for Sale
$2,485,600 USD
Fast Food - FOR SALE
1/4
null | 5.75% Cap Rate

722 E Main St
Meriden, CT 06450
Meriden/Wallingford


HIGHLIGHTS

  • Global QSR Brand
  • Dense Consumer Base with Strong QSR Demographics
  • High-Visibility Location Along a Primary Commercial Corridor
  • Positioned at the Crossroads of Connecticut
  • Passive, Management-Free Investment

OVERVIEW

Colliers Hartford is pleased to present the exclusive opportunity to acquire 722 East Main Street in Meriden, Connecticut, a freestanding KFC restaurant leased to an established franchisee under a long-term, triple-net lease. Positioned along East Main Street, Meriden's primary retail corridor, the property benefits from strong visibility, traffic counts exceeding 15,000 vehicles per day, and immediate proximity to the I-91/I-691/Route 15 interchange, one of the most heavily traveled highway clusters in the state. Meriden is a city of approximately 61,000 residents situated midway between Hartford and New Haven, with a dense consumer base and a retail market that ranks among the most active in the state. The tenant, Value Foodservice LLC, is a 59+ unit KFC franchisee, operating under a 15-year NNN lease that commenced September 1, 2016. The franchisee exercised its first option in 2021, extending the term through August 31, 2034, with five additional three-year options carrying the lease through 2049. The lease features 6% rent escalations every three years, providing investors with predictable, growing income and no landlord responsibilities. KFC Meriden is offered at a sale price of $2,485,600 at a 5.75% cap rate.

FOR SALE DETAILS

PRICE

$2,485,600 USD

PRICE/SF

$1,078 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-3

APN/PARCEL ID

MERI-000206-000096A-000069

ASK ABOUT THIS PROPERTY

Ian HuntColliersMore Info
860-616-4020

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Ian HuntColliersMore Info
860-616-4020

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