1306 Memorial Blvd Connellsville, PA 15425
- Retail properties
- 2,822 SF
- 0.40 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1306 Memorial Blvd
- Year built
- 1985
- Lot size
- 0.40 lot acres
- Property size
- 2,822 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Connellsville
- County
- Fayette
- State
- Pennsylvania
- Longitude
- -79.5844
- Latitude
- 40.0363
