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 operating 611 locations in 23 states and will generate sales in excess of $650 million in 2018. This asset has been successfully open and operating for decades with an attractive 8.50% rent-to-sales ratio!
KFC is located in Bradenton, Florida on the hard corner of Easts State Road and 64th Street with excellent drive-by visibility. Nearby retailers include: Walmart Supercenter, Publix Super Market, The Home Depot, Goodwill, Office Depot, Tractor Supply Co., Dollar Tree, Advance Auto Parts, Anytime Fitness, Walgreens, etc. The subject location is 4.5 miles from Manatee Technical College (enrollment of 829) and 5.5 miles from Manatee Memorial Hospital (319 beds).
*In Association with Florida Local Broker: Brian Brockman, Bang Realty-Naples, Inc. #BK3327646