Listed by SRS Real Estate Partners Fort Lauderdale, SRS Real Estate Partners Newport Beach
$3,250,000
KFC | Sanford, FL
Details
APN 29-19-30-519-0000-0020
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,320
Cap Rate 4%
NOI $130,000
Occupancy 100%
Tenancy Single
Brand/Tenant KFC
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/10/2038
Remaining Term 12.4
Rent Bumps Yes
Lease Options 5 (5-year)
Year Built 2023
Acreage 0.990
Zoning PD - Planned Development
Parking Spaces 14 spaces
Parking Per SqFt 6.03
Tenant Credit Corporate Guarantee
Lease Commencement 11/10/2023
Ground Lease Yes
Ownership Leased Fee (Land Ownership)
Retail | 4.00% CAP | 2,320 SqFt
Investment highlights
13+ Years Remaining | Options To Extend | Corporate Signature |Scheduled 10% Rental Increases | 2023 Construction
Absolute NNN Ground Lease | Zero Landlord Responsibilities
Signalized, Hard-Corner Location | Prime Retail Node
Dense Trade Area | Affluent Demographics
Listing Contacts
Listed by SRS Real Estate Partners Fort Lauderdale, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,000.00
$10,833.33/mo
Valuation Metrics
0
DSCR
4%
Cap Rate
4%
ROI
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