KFC has a brand new 20 year Absolute NNN lease with 5% rental escalations every 5 years and two 5 year renewal options. The tenant, KBP Foods, is the largest KFC franchisee in the US that operates 550+ locations in 20 states and will generate sales in excess of $500M in 2017. FQSR, LLC is the tenant on the lease, encompassing all restaurant locations. This store has been successfully open and operating since 1989 with an attractive 8.00% rent-to-sales ratio.
KFC is located in Crystal River, Florida, on the main North/South thoroughfare with high drive-by visibility. The property is 6 miles from Seven Rivers Regional Medical Center with 128 beds. Nearby retailers include Winn Dixie, The Home Depot, Ace Hardware, Save-A-Lot, Big Lots, Bealls Store, Harbor Freight Tools, Dollar Tree, Dollar General, Goodwill, CVS Pharmacy, Walgreens, AutoZone, NAPA Auto Parts, O’Reilly Auto Parts, Anytime Fitness, and more.
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