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Property profile

1306 Memorial Blvd Connellsville, PA 15425

OFF-MARKET
Retail properties & Spaces
2,822 SF 0.4 ac lot Built 1985
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Property summary

AI-generated overview

This fee-simple investment opportunity features a 2,822 square foot KFC restaurant situated on a 0.4-acre lot at 1306 Memorial Blvd, Connellsville, PA 15425. The property is currently 100% occupied under a triple-net (NNN) lease with a franchisee tenant. The lease commenced September 12, 2028, and has a remaining term of 13.9 years, expiring September 30, 2038. The current annual net operating income (NOI) is $72,240, with a built-in rental increase of 5% every five years, providing strong future income growth. The building was constructed in 1985. This location benefits from its position within a dense retail corridor, including numerous national brands such as McDonald's, Subway, Walmart, and more. The area also boasts a significant student population due to the proximity of several academic institutions, including Geibel Catholic Junior-Senior High School and Connellsville Area High School, with a combined enrollment of 1,468 students. This presents a compelling investment opportunity with a long-term lease, strong tenant, and favorable market dynamics.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1985
Total area 2,822 SF
Lot 0.4 ac (17,424 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1306 Memorial Blvd Connellsville, PA 15425
Connellsville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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