411 W Oregon Ave Philadelphia, PA 19148

Graystone Capital Advisors is pleased to present a KFC located at 411 W Oregon Avenue in the heart of South Philadelphia. The tenant has occupied the site since 2000 with a strong operating history. The current lease has 2.5 years remaining with no options. Since the current rental rate is well below market at $12.00 psf ($36,000 annually) there is significant value add potential through repositioning, re-tenanting, or extending the lease at current market rates. Additionally, this lease is Absolute Net so there are zero landlord responsibilities. There are no existing options on the current lease, providing flexibility for the new owner to make strategic decision to dramatically increase value. The current operator is a strong franchise, Mitra QSR who operates 204 KFC and Taco Bell restaurants nationwide, employing 5,300 individuals. Headquartered in Dallas, TX, Mitra QSR is the 3rd largest domestic franchisee of KFC restaurants. Located in dense neighborhood in South Philadelphia, the site is less than the 2 miles from Citizens Bank Park, Lincoln Financial Field, the Wells Fargo Center, and Xfinity Live – world renowned professional sports facilities attracting 7.7 million visitors and 5.5 million vehicle trips each year. The site is also directly across Whitman Plaza, a ShopRite anchored center and a positioned along other national retailers such as Walmart Supercenter, IKEA, Target, Best Buy, Dunkin' Donuts, Goodwill, Ross, ShopRite, and GNC. Additionally, the property is conveniently located 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. Overall, there are 668,000 people in a 5-mile radius from the site. Overall, this offering provides a unique chance for an investor to acquire a well-located dense urban infill asset with significant value-add potential.