Net Leased KFC

Colliers Hartford is pleased to present the exclusive opportunity to acquire 722 East Main Street in Meriden, Connecticut, a freestanding KFC restaurant leased to an established franchisee under a long-term, triple-net lease. Positioned along East Main Street, Meriden's primary retail corridor, the property benefits from strong visibility, traffic counts exceeding 15,000 vehicles per day, and immediate proximity to the I-91/I-691/Route 15 interchange, one of the most heavily traveled highway clusters in the state. Meriden is a city of approximately 61,000 residents situated midway between Hartford and New Haven, with a dense consumer base and a retail market that ranks among the most active in the state.

The tenant, Value Foodservice LLC, is a 59+ unit KFC franchisee, operating under a 15-year NNN lease that commenced September 1, 2016. The franchisee exercised its first option in 2021, extending the term through August 31, 2034, with five additional three-year options carrying the lease through 2049. The lease features 6% rent escalations every three years, providing investors with predictable, growing income and no landlord responsibilities.

KFC Meriden is offered at a sale price of $2,286,752 at a 6.25% cap rate.