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 2009 with an attractive 8.00% rent-to-sales ratio.
The property is located in Deltona, Florida, on the main North/South thoroughfare off the hard corner with high drive-by visibility. KFC is less than 2 miles from Stetson University, a private university with a total enrollment of 4,357 students, and 3.5 miles from Florida Hospital DeLand with 156 beds. Nearby retailers include Winn-Dixie, Pet Supermarket, CVS Pharmacy, Walmart Supercenter, Target, Kohl’s, Ross Dress for Less, Lowe’s Home Improvement, The Home Depot, Publix Super Market and more!
*In Association With: New England Commercial Brokerage, Inc.