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1116 Parade St Erie, PA 16503

For Sale
$1,250,000

Long-term NNN lease with established franchisee in Erie, PA.

Property size:
2,748 SF
Lot size:
0.74 Acres

Property Features for 1116 Parade St

General Information

Size
2,748 SF
Lot size
0.74 Acres

Source: NNN Pro Group Agent Josh Kanter

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Established KFC Restaurant For Sale

This KFC property is available for sale and is subject to a long-term 20-year NNN lease, with over 14 years remaining. The lease is absolute triple-net (NNN), assigning zero responsibilities to the landlord. The lease is guaranteed by Morgan Foods, Inc., a franchisee operating 68 units. KFC has a long-term operating history at this location, maintaining a presence for 39 years. The property is suitable for drive-through restaurants, restaurants, retail properties, NNN properties, and specialty properties. The building size is 2748 square feet and is located in Erie, PA.
Insight Report Location Intelligence

Current Use by Public Records

KFC Chicken Restaurant

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Erie
County
Erie
State
Pennsylvania
Longitude
-80.073419
Latitude
42.127583

FAQs

What type of property is this?
Drive through restaurant - Long-term NNN lease with established franchisee in Erie, PA.
Where is this drive through restaurant located?
The property is located at 1116 Parade St Erie, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: - Long-term NNN Lease: Over 14 years remaining, offering zero landlord responsibilities.; - Strong Guarantee: Lease backed by Morgan Foods, Inc., a franchisee with 68 units.; - Established Operating History: KFC has operated successfully at this location for 39 years.
More about this property
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