KFC

Orange City, FL

Price $1,252,000
Cap Rate 5.00%
TYPE Single-Tenant
STATUS Available
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 3,355
PRICE/SQ FT $373
YEAR BUILT 2003
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 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.

Property Highlights

  • Brand New 20 Year Absolute NNN Lease with 5% Rental Escalations every 5 Years
  • Successfully Open & Operating since 2003 with an Attractive 8.00% Rent-to-Sales Ratio!
  • Excellent Drive-by Visibility & Situated at Signalized Intersection just off the Hard Corner where Traffic Counts Exceed 61,500 CPD!
  • 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
  • Located in a Dense Retail Corridor Surrounded by Major Retailers: Lowe’s, Target, Walmart, The Home Depot, Hobby Lobby, Kohl’s, etc.
  • Demographics: Total Population: 272,184 | Average Household Income: $60,407