411 W Oregon Ave Philadelphia, PA 19148

Located at 411 W Oregon Avenue in South Philadelphia, this KFC property presents an investment opportunity. The tenant, a strong franchise named Mitra QSR, has occupied the site since 2000. Mitra QSR operates 204 KFC and Taco Bell restaurants nationwide and is the 3rd largest domestic franchisee of KFC restaurants. The current lease has 2.5 years remaining with no options. The lease is Absolute Net, meaning there are zero landlord responsibilities. The current rental rate is $12.00 psf ($36,000 annually). The 3,000 square foot site is located less than 2 miles from Citizens Bank Park, Lincoln Financial Field, the Wells Fargo Center, and Xfinity Live, which attract 7.7 million visitors and 5.5 million vehicle trips each year. The property is directly across from Whitman Plaza, a ShopRite anchored center, and is positioned along with other national retailers such as Walmart Supercenter, IKEA, Target, Best Buy, Dunkin' Donuts, Goodwill, Ross, ShopRite, and GNC. The location is convenient to universities with a total student population of over 85,000 within a 7-mile radius, including the University of Pennsylvania, Temple University, and Drexel University. There are 668,000 people in a 5-mile radius from the site, offering significant value-add potential through repositioning, re-tenanting, or extending the lease at current market rates.