Dark Corporate KFC - 12 Years Remaining - Absolute NNN
Space Coast, Titusville FL – Major Hub for Aerospace & Tourism
Marketing description
This offering presents the opportunity to acquire a dark corporate-guaranteed KFC with 12 years remaining on an absolute NNN lease. Located at the signalized intersection of U.S. Route 1 at Garden Street in Titusville, Florida, the site is situated in the heart of “Space Coast”, benefitting from its proximity to Cape Canaveral and the surrounding space industry. This sale offers the rare opportunity to purchase a property with secure income as well as long-term upside through repositioning the asset.
The subject property, located at 12 North Washington Avenue, consists of a single parcel totaling 12,632 square feet of land (0.29 acres). The site has been improved with a 1,936 square foot QSR restaurant with a drive through. Constructed with a typical QSR layout, the building features a kitchen/back-of-house area, indoor dining room, signage, and all associated infrastructure. The property features a concrete-paved drive-thru and parking area as well as attractive, low-maintenance landscaping.
The site is situated within Titusville’s core commercial district at the signalized intersection of U.S. Route 1 (North Washington Avenue) and Garden Street. The property features two access points allowing for efficient circulation of vehicles and access to the drive thru as well as convenient access to the site from northbound/southbound traffic on U.S. Route 1 and eastbound/westbound traffic on Garden Street.
The property benefits from its position within the Space Coast region, home to the Kennedy Space Center and a rapidly expanding aerospace and technology economy. The state of Florida offers a state-income-tax free environment. Titusville continues to attract significant investment and population growth driven by the aerospace sector and tourism. The area’s ongoing development and strong fundamentals offer upside potential for both investors and owner/users.
12 North Washington Avenue presents the opportunity to acquire a corporately backed KFC absolute NNN leased property with 12 years of remaining term. The asset offers dependable income and long-term upside potential through repositioning the property.
Investment highlights
Dark Corporate-Guaranteed KFC - 12 Years Remaining on Absolute NNN Lease
Space Coast, Titusville FL – Major Hub for Aerospace & Tourism
12,632 SF Signalized Corner Intersection – U.S. Route 1 at Garden Street
Existing QSR Drive-Thru with Two Points of Ingress/Egress
Excellent Location and Visibility – Approximately 21,000 Vehicles per Day
Rare Opportunity Offering Secure Income with Long-Term Repositioning Upside
DRONE FOOTAGE: https://youtu.be/TZfoCbxrG8E
PHOTO GALLERY: https://drive.google.com/drive/folders/1ZXbHPdsVPbtOCDcOu3jXXnVnaU04Y23e?usp=drive_link
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