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 2003 with an attractive 8.00% rent-to-sales ratio.
The subject property is located in Orange City, Florida, in a dense retail corridor surrounded by major retailers including Lowe’s, Target, Walmart, The Home Depot, Hobby Lobby, Kohl’s and more. KFC is situated at a signalized intersection just off the hard corner with excellent drive-by visibility. KFC is just across the street from Florida Hospital Fish Memorial with 175 beds.
*In Association With: New England Commercial Brokerage, Inc.