KFC

Crystal River, FL

Price $1,551,000
Cap Rate 5.25%
TYPE Single-Tenant
STATUS Available
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 3,160
PRICE/SQ FT $490
YEAR BUILT 1989
LEASE EXP. 2037
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com

Property Description

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.

*In Association With: New England Commercial Brokerage, Inc.

Property Highlights

  • Brand New 20 Year Absolute NNN Lease with 5% Rental Escalations every 5 Years
  • Successfully Open & Operating since 1989 with an Attractive 8.00% Rent-to-Sales Ratio!
  • Demographics – Total Population: 21,012 | Average Household Income: $68,938
  • Tenant: KBP Foods – The Largest KFC Franchisee in the US that Operates 550+ Locations in 20 States and will Generate Sales in Excess of $500 Million in 2017
  • High Drive-by Visibility on the Main North/South Thoroughfare where Traffic Counts Exceed 30,500 CPD!