KFC | $2,000,000 | 6.00% CAP
The Deltondo Group and Marcus & Millichap is pleased to present for sale KFC a single-tenant property located at 4490 Admiral Peary Highway, Pittsburgh (Ebensburg), Pennsylvania 15931.
The subject property is comprised of 2,444 square feet and was built in 2019. The building sits on a large 38,332 square foot lot with ample parking and frontage on Admiral Peary Highway that oversees 29,000+ Vehicles Per Day.
KFC operates on an Absolute-Net lease with a new 20-year lease to begin following the close of escrow. The new 20-year lease will have 7.5% increases every 5-years including the four, 5-year options. KFC is apart of Ebensburg Commons a new 8-acre retail center that includes ALDI, Starbucks, Taco Bell and more notable retailers to come.
Mitra is a premier franchise owner-operator of two iconic brands, KFC & Taco Bell. Mitra began its journey in 2008 with the development of its first restaurant in Anna, TX. Since that time, Mitra has grown to one of the 50 largest franchisees in the United States. Currently, Mitra owns 207 restaurants across 15 states spanning from Texas to Washington, D.C.
KFC Corporation, based in Louisville, Kentucky, is one of the few brands in America that can boast a rich, decades-long history of success and innovation. It all started with one cook who created a soon-to-be world-famous recipe more than 70 years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. That cook was Colonel Harland Sanders, of course, and now KFC is the world’s most popular chicken restaurant chain, specializing in that same Original Recipe® along with Extra Crispy™ chicken, home-style sides, and buttermilk biscuits. We’re at over 23,000 KFC outlets and more than 140 countries and territories around the world. And you know what? There’s still a cook in a kitchen in every last one of them, freshly preparing delicious, complete family meals at affordable prices.