KFC Listing Details & Market Data

Philadelphia, Pennsylvania is a major city in the United States, known for its rich history, diverse population, and vibrant economy. Philadelphia is home to numerous renowned universities, colleges, and research institutions, including the University of Pennsylvania and Temple University. The city is also a hub for healthcare services and medical research, with prestigious hospitals and medical centers. The education and healthcare sectors contribute significantly to the local economy and provide employment opportunities. Philadelphia has a strong presence in professional services, including law firms, accounting firms, consulting agencies, and advertising companies. The city's central location and well-developed business infrastructure make it an attractive destination for businesses and corporations, driving the professional services sector. Philadelphia's rich history, cultural attractions, and vibrant arts scene make it a popular tourist destination. The city attracts visitors from around the world who contribute to the local economy through spending on accommodations, dining, entertainment, and retail. While the manufacturing sector has declined over the years, Philadelphia still has a significant manufacturing presence, particularly in industries such as food processing, pharmaceuticals, chemicals, and machinery. The city's strategic location along the Northeast corridor and its transportation infrastructure support these industries. Philadelphia has been fostering its startup and technology scene, attracting entrepreneurs and venture capital. The city has seen growth in technology-related industries, including software development, digital media, and e-commerce. Innovation hubs and co-working spaces have emerged, contributing to the tech ecosystem. Philadelphia has a diverse range of retail establishments, including shopping centers, boutique stores, and local businesses. Small businesses play a vital role in the city's economy, contributing to job creation and neighborhood revitalization.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.