KFC - Pittsburgh, PA

Attractive Rent Growth: Features a scheduled 10% rent increase in January 2027, followed by additional 10% increases at each renewal option—boosting the effective cap rate to 8.25% starting 1/1/2027.
Low Rent-To-Sales Ratio: Operating at less than a 6.5% rent-to-sales ratio, the tenant maintains strong unit-level profitability with significant cushion for rent coverage, indicating healthy store performance and reduced default risk.
Strong, Nationally Diversified Operator: The property is leased to Ampex Brands, a large multi-concept franchise operating 175+ KFC locations, 75+ Pizza Huts, and 18+ YUM! Multi locations nationwide. The operator’s scale and brand diversification contribute to strong credit resilience and long-term operational stability.
Below-Market, Easily Replaceable Rent: Current rent is meaningfully below market, enhancing long-term durability and supporting strong residual value with excellent re-tenanting prospects.
Prime Location & Retail Synergy: Situated just 15 minutes from Downtown Pittsburgh and directly adjacent to a grocery-anchored shopping center, benefitting from consistent daily traffic generated by Giant Eagle, Family Dollar, and other complementary retailers.
Absolute NNN Lease Structure: The property is governed by a true absolute NNN lease, requiring no landlord responsibilities. This structure provides a fully passive, maintenance-free investment ideal for hands-off investors.

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