*SOLD* KFC | Scranton MSA

***SOLD*** Equity Retail Brokers is pleased to exclusively offer for sale to qualified investors the opportunity to purchase a new construction single-tenant, net-leased asset, KFC. Located in Clarks Summit, PA, KFC is operating on a ground lease with 16.5 years of term remaining with options to extend and rental increases throughout the initial term and options.

The subject property is a newer development (built in 2018) and is located just outside of Scranton, PA – the fifth largest Metropolitan Statistical Area (MSA) in Pennsylvania. It is situated directly on US Route 11 (State St) with significant surrounding retail. Neighboring tenants include Weis Markets, Sheetz, McDonald’s, Taco Bell, Starbucks, Rite Aid, Burger King, Wells Fargo Bank, Dairy Queen Grill & Chill, Hampton Inn, Comfort Inn, and more!

• Tenant: KFC
  • Franchisee – Kirmani Group
    • Operator of KFC, Taco Bell, A&W, and Arby’s throughout multiple states
• NYSE: YUM
• Credit Rating: Ba3 (Moody’s)
• 24,000 locations in 145 Countries and Territories
• Ground Lease – No Landlord Responsibilities
• 18.5 years of term remaining with options to extend
• 10% increases throughout base term and options
• Low Price Point