KFC

Deltona, FL

Price $1,693,000
Cap Rate 5.25%
TYPE Single-Tenant
STATUS Available
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 2,923
PRICE/SQ FT $579
YEAR BUILT 2009
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 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.

Property Highlights

  • Brand New 20 Year Absolute NNN Lease with 5% Rental Escalations every 5 Years
  • Successfully Open & Operating since 2009 with an Attractive 8.00% Rent-to-Sales Ratio!
  • Demographics – Total Population: 258,399 | Average Household Income: $61,151
  • Tenant: KBP Foods – The Largest KFC Franchisee in the US that Operates 550+ Locations in 20 States and will Generate Sales Greater than $500M in 2017
  • High Drive-by Visibility on the Main North/South Thoroughfare (just off the Hard Corner) where Traffic Counts Exceed 20,450 CPD!
  • The Deltona-Daytona Beach-Ormond Beach, FL Unemployment Rate: 3.7% - National Unemployment Rate: 4.2% (Sept 2017)