KFC

Palatka, FL

Price $2,250,000
Cap Rate 5.25%
TYPE Single-Tenant
STATUS Available
Tenant KFC
LEASE TYPE Absolute NNN
SQUARE FEET 2,759
PRICE/SQ FT $814
YEAR BUILT 2007
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 2007 with an attractive 8.00% rent-to-sales ratio.

KFC is located in Palatka, Florida, along the main North/South thoroughfare on State Road 19 with high drive-by visibility. The subject property is a pad site to the Town & Country Shopping Center Anchored by Publix Super Market; Nearby Retailers include Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Winn-Dixie, JCPenney, Hibbett Sports, Bealls Outlet, Dollar Tree, Advance Auto Parts, O’Reilly Auto Parts, Walgreens, CVS Pharmacy, Goodwill, Big Lots, Tractor Supply Co., Staples, Harbor Freight Tools, Shoe Show, etc. KFC sits just half a mile from St. Johns River State College Palatka with over 970 students and is 2 miles from Putnam Community Medical Center with 140 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 2007 with an Attractive 8.00% Rent-to-Sales Ratio!
  • High Drive-by Visibility on the Main North/South Thoroughfare on SR-19 where Traffic Counts Exceed 22,000 CPD (Hard Corner 32,000 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
  • Pad site on Town & Country Shopping Center Anchored by Publix Super Market
  • Nearby Retailers include Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Winn-Dixie, JCPenney, Hibbett Sports, Bealls Outlet, Dollar Tree, Advance Auto Parts, O’Reilly Auto Parts, Walgreens, CVS Pharmacy, Goodwill, Big Lots, Tractor Supply Co., Staples, Harbor Freight Tools, Shoe Show, etc.